Renminbi rally puts Beijing in a bind
A stronger currency suits Beijing's global ambitions, but threatens exporters. Economists warn the PBOC's latest intervention reveals a delicate balancing act.
November 05, 2026
Predictions and calls that Greece must restructure or default on its debt, and even leave the euro, have mostly been limited to political commentators and economics journalists. Banks, perhaps for obvious reasons, have generally been reluctant to join them. Many are exposed directly, all are vulnerable indirectly.
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