Romania's new finance minister has a tough job ahead to keep the public finances on a sustainable path, especially as the PM is seeking to raise spending. Elsewhere, Israel's fourth virus wave has gone from bad to worse and there are now clear signs that this has taken its toll on consumer confidence. The central bank is likely to flag the downside risks to the outlook at its meeting on Monday. Finally, the minutes to the latest Turkish central bank decision suggest that policymakers are rowing back on previous commitments to avoid raising interest rates in the face of high inflation.
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