Hungary's improving CDS spreads don't change the fact that the situation is very precarious.

Spanish bank stability risk has invariably increased in the light of the need for a bailout, but Euromoney’s Country Risk Survey indicates that there has also been an increase in bank risk for all 17 eurozone countries, notably Slovenia and, more recently, France. The trend rise in bank risk highlights the vulnerabilities of an increasingly sophisticated and integrated regional financial system, characterized by cross-border ownership structures.

Strong growth expected from banks; Attractive market for foreign investment

Vietnam's Euromoney Country Risk score falls behind its ASEAN neighbours as confidence in the country has been shaken by weak economic growth.

Dismal GDP growth figures from the UK provide further evidence of its riskiness, corroborating figures from Euromoney Country Risk.

Country risk analysts saw increased risk in all of the world’s main economic/geographical regions during the first six months of 2012, according to the Q2 2012 results of Euromoney’s Country Risk Survey.

Moody's placing of three eurozone AAA-rated sovereigns on negative outlook stands in contrast to rising ECR scores.

In total, 78 of the 186 sovereigns in ECR’s Q2 2012 country risk survey have experienced increased political risk since the start of 2012, while 76 have undergone improvement.

Declining sentiment toward 13 of the 20 LatAm sovereigns – among them Argentina, Brazil, Chile, Mexico and Venezuela – has negatively affected Latin America’s risk profile in spite of domestic improvements in Peru and Uruguay.

In total, 21 of Asia’s 32 countries have undergone a trend decline in risk during the last six months.

Despite the eurozone crisis, European countries still lead Euromoney Country Risk's list the ten most-safest sovereigns in the world.

The eurozone crisis continues to blight the country risk profile of the continent as a whole.

Economists see increasing risk in the G10 in the last six months, but at a slower rate than in 1H 2011.

Confidence in the world’s emerging powerhouses of Brazil, Russia, India, China and South Africa (Brics) has waned.

Economists’ continued concerns about the political and economic health of the region has seen it lose 0.9 points this year, with Syria’s implosion the largest score driver.

African sovereign risk perceptions have increased, partially reversing the region’s gains in 2011.

Concerns about the eurozone are increasing pressure on other EU member states and non-members in Central and Eastern Europe.

The economy's soft infrastructure and stable fiscal picture contribute to its creditworthiness despite the deteriorating regional economic backdrop.

Political and institutional failure mean the economy has failed to improve its risk ranking for the past twenty years.

Italy’s risk score is barely indistinguishable from Spain and below Colombia, highlighting Rome’s fall from grace

Economic and political risks are rising, in keeping with the sovereign’s chronic vulnerabilities.

Spain’s ECR score has continued to fall in recent days, as confidence in the sovereign’s ability to resolve its debt problems continues to be undermined by its economic woes and uncertainty over the precise terms of a €100 billion bank bailout agreed at the EU summit.

The election of the Institutional Revolutionary Party has led to an impairment of sentiment towards Mexico.

Argentina's country risk score is dropping towards that of Venezuela, Latin America's riskiest economy.