China and Japan enter red zone
The slowing of China’s growth miracle, coupled with concerns over leadership transition, has caused the world’s most populous nation to lose its status as the safest of the Brics, in the latest results of Euromoney’s country risk rankings. Elsewhere, Japan, once the world’s safest sovereign, has now fallen to its lowest level, and Spain plunged 14 places with a sovereign bailout now seemingly inevitable.
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