The United States will not provide a federal bailout for Puerto Rico, which says it cannot pay its $72 billion public debt, the White House announced. Officials pushed Congress to allow the commonwealth to declare bankruptcy, however.
With the world already jolted by the Greek financial crisis, another one is brewing in Puerto Rico. The island says it can’t repay its $72-billion debt. Governor Alejandro Garcia Padilla wants to defer payments and introduce drastic budget cuts.
The prime minister of Norway, Erna Solberg has described NATO’s defense spending plans as “nonsense.” The alliance wants members to spend two percent of their GDP on defense, but Oslo, one of the world’s richest countries, says it won’t meet the target.
As an equal member of the EU, Greece does not need to ask permissions from anyone to let the Greek people speak and have their voices heard, PM Tsipras told his parliament, promising that the state’s sovereignty and future will be decided via referendum.
The Greek PM has announced a national referendum on July 5 on the conditions of the debt deal with international creditors. It’s up to the Greek people, Tsipras said, to make a fateful decision on the country’s sovereignty, independence and future.
Athens still has cards up its sleeve and some surprising ones are likely to be played in its negotiations with the EU before the debt deadline, John Butler, Chief Investment Officer at Amphora Capital, told RT.
Thousands have gathered in front of the Greek Parliament in support of Athens’s place in the eurozone, calling for a debt agreement to be reached as EU leaders and international creditors race against time to avert the country’s looming default.
Westminster was gripped by dissent on Saturday, as around a quarter of a million protestors poured onto the streets of London, condemning austerity’s assault on human rights, the economy and the environment.
British soldiers and fighter jets are going to do longer reassurance missions in Eastern Europe to send signals to President Putin on NATO member states’ commitment to collective defense, Britain's Defense Secretary Michael Fallon said Sunday.
Hundreds of thousands of people took to the streets of London on Saturday in the UK’s biggest anti-austerity rally for years to oppose the new Tory government’s program of social benefit cuts and privatization. A reported 250,000 attended the rally.