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Ukraine Has Reached a Debt Deal. Now What?

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The deal has worrying implications for the IMF’s treatment of Russia. The Nation - By James Carden Yesterday, with the announcement that the Ukrainian government had reached an agreement on restructuring its private debt with a consortium of bond holders led by Franklin Templeton, there was much rejoicing. In Kiev, the American-born former State Department official turned Ukrainian finance minister, ... Read More »

World’s biggest coal port joins fossil fuel divestment push

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Newcastle is the seventh council in Australia to announce it will shun fossil fuels, reports the Sydney Morning Herald The Guardian - Amanda Saunders for Sydney Morning Herald, part of the Climate Publishers Network Newcastle city council in Australia has voted to exit holdings in the big four banks if they continue to fund fossil fuel projects. About 80% of ... Read More »

Brazil’s economy enters recession

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BBC – Brazil has entered recession after official figures showed the country’s economy contracted by 1.9% between April and June compared with the previous three months. Analysts had expected a contraction, but the number was worse than expected. First quarter output was also revised down to show a 0.7%, rather than a 0.2%, contraction. The country, the seventh-largest economy in ... Read More »

Lebanon’s Un-collected Problems

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Protests over corruption and political dysfunction are growing in Lebanon. Clashes between protesters and security forces have left dozens wounded over the last few days, increasing instability in a country highly polarised along politico-sectarian fault lines, threatened not long ago by sectarian clashes and violence, and already overwhelmed by nearly 1.2 million Syrian refugees, ongoing border tensions as well as ... Read More »

“Turkey has never given a fig for the Turkish Cypriots”!

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I read the article “Brown’s appraisal on Turkish intentions” of 23 August 2015 by Mrs Erato Kozakou-Marcoulli, posted on www.in-cyprus.com and for a moment I wondered whether there had been a mistake. Whether the article was written by the Refugee Association “Adouloti Kyrenia” and wrongly attributed to Mrs. Marcoulli. Agora Dialogue - Fanoulla Argyrou * Mrs. E.K-Marcoulli refers to the ... Read More »