May, 2017:
The largest bank in Azerbaijan has halted its foreign debt payments and will start restructuring talks with creditors after a currency crisis in the Caspian Sea nation drove the lender to the brink of collapse.
Under a restructuring plan published on Friday, the International Bank of Azerbaijan said its “designated financial indebtedness” was at $3.3 billion as of April 18. It missed a principal and interest payment on a $100 million subordinated loan on May 10, according to an emailed statement from the government-owned lender on Thursday. More here.
Category Archives: Europe Brexit
The Slow Death of Britain and Europe
There have been a number of terror attacks in recent weeks in Britain and across Europe. No one is willing to discuss the causes for fear of retribution by migrant groups, religious organizations and government leaders.
The most recent attack occurred when Darren Osbourne, originally from Whales rented a van and ran into several people outside the Finsbury Park mosque killing one and injuring several others. He is being charged with terror activities. Islamists have been waiting for this reckoning and the powder keg continues to smolder.
Germany’s Secret Bundeswehr
The secret German army, with soldiers from other countries has a variety of duties. There is a growing concern in Europe, but what about NATO? That question goes to President Trump. The secret is, no one is talking about it openly, further there was no real reason given on why VP Pence travel to meet top NATO officials to calm the nerves regarding the viability of NATO due to President Trump. Article 5 remains a large question with European leaders.
European Union’s Attention and Dollars on Failing Africa
The European Commission has launched an “Emergency Trust Fund for stability and addressing root causes of irregular migration and displaced persons in Africa”, made up of €1.8 billion from the EU budget and European Development Fund, combined with contributions from EU Member States and other donors. The Trust Fund will benefit a wide range of countries across Africa that encompass the major African migration routes to Europe. These countries are among the most fragile and those most affected by migration. They will draw the greatest benefit from EU financial assistance. The countries and regions are:
Russian Relations Worse than you Think for Democrats and Trump
Both sides here need to be quite careful with regards of Russian relationship accusations. The work by the FBI, Congress or even independent counsel could blow things wide open in DC. This is going to be a long slog and wont fade from the headlines anytime soon.