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Outflows to Europe Highlight a Risk to the Regime, But It's Premature to Call "the end"

Summary

• Emerging Financial Repression
  A key development is that foreign policymakers are urging investment funds to return home. This marks a potential shift towards actual “financial repression,” where governments may enforce policies that keep capital local to fund initiatives (e.g., Europe’s defense spending). If these currently discretionary flows bec…