In today’s Macroeconomic Briefing we take a more country-specific look at macro themes starting with Russia, which seems to hold some of the high cards at this week’s OPEC meetings in Vienna. As Helima Croft from Royal Bank of Canada writes President Putin will likely again override his corporate chiefs (calling for easing of production cuts) because his key political and strategic objectives will fare better with a firmer oil price floor, and another post-meeting sell-off would be sub-optimal heading into next year’s elections. Creative Portfolios examine the prospects for Greece’s rock-bottom banks, Daniel Tabbush looks at Japanese banks and whether they offer value in a reflating economy, while CEE MarketWatch look at the potential kingmakers in the upcoming election of a new leader to South Africa’s ANC, as market risk in Southern Africa reaches a key inflection point. Finally, Poland is experiencing its own political uncertainty at a time when its relationship with the EU is coming under pressure. Nordea provide some useful risk management insight here.