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July 2003

Main

Cover Story

Euromoney Awards for Excellence 2003

Equity markets

The games that bankers play

Emerging Europe

Where investment bankers rule

Unleashing a second wave of economic reform

Higher aims than popularity

Privatization delayed by litigation

Selling the story to foreign investors

In search of the feel-good factor

Western Europe

Walking a fine line

Debt markets

The perils of cut-price recruitment (July 2003)

Latin America

Republic brought to the brink

Editorial

On course or rushing down a dead end?

Front End

Spencer speaks to new generation

The secret diary of David Glenn

Unions drive a wedge in merger

Issuers win the trivial battle

Diamond denied his theme tune

Breakingviews

Breakingviews: What securities slump?

Breakingviews: Crunch down on number crunchers

Breakingviews: Jack of all trades no longer an asset

Breakingviews: The convertibles bubble

Market Monitor

Nasdaq faces up to identity crisis

Rush for junk makes risk costly

Six Continents demerger drives uncertainty

Emerging markets

A bleak month for the banks

Sakhalin gas project eyes bond market

Maruti privatization cheers Indian market

Against the tide

The euro wage bubble

Flipside

Fund management: Nice work if you can get it

People

John Fraser, CEO, UBS Global Asset Management

Ethan Berman

Lawyer

City fears EU reform could drive trading to Wall Street