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Debt Spreads, Italy/France Risk & ECB BackstopsFragmentation risk, fiscal dominance fears, and crisis tools.
Ethiopia-Horn of Africa FragilityPost-Tigray instability, inter-ethnic violence, and regional security strain across the Horn of Africa
Inflation, Interest Rates & Eurozone LegitimacyPrice stability mandate, transmission, and social acceptance of tightening.
Korean Peninsula Nuclear StandoffPersistent military confrontation and nuclear deterrence instability on the Korean peninsula
Sudan Civil WarWar between the Sudanese Armed Forces and RSF with mass displacement, famine risk, atrocities, state fragmentation, and regional proxy dynamics.