From: Stratrisks
“Just because now you have a way to get them (the banks) to borrow even more money, this is not solving the problem, this is making the problem worse,” Rogers said on Friday.
“People need to stop spending money they don’t have. The solution to too much debt is not more debt. All this little agreement does is give them (banks) a chance to have even more debt for a while longer,” he added.
After negotiating late into the night, European policymakers agreed on Friday morning that the bloc’s bailout fund, the European Stability Mechanism (ESM), would be able to lend directly to recapitalize banks without increasing a country’s budget deficit, and without preferential seniority status.
Saturday, June 30, 2012
British firm ships arms to South Sudan
From: Stratrisks
Shell companies registered in Britain are among firms involved in the export of armaments which are fuelling the ongoing conflict in South Sudan, Amnesty International warned yesterday. The charity said that T-72 battle tanks used in attacks by the Sudanese armed forces, the Sudan People’s Liberation Army (SPLA), had been “clandestinely delivered from Ukraine to South Sudan in 2009, involved transfers via Kenya and Uganda and included shipping companies from Germany and Ukraine and UK and Isle of Man-registered shell companies.” However the charity stated that the shipping companies had not broken the law. It said: “Indeed inadequacies of the legal regulations on arms shipments currently exclude them from legal responsibility.”
Shell companies registered in Britain are among firms involved in the export of armaments which are fuelling the ongoing conflict in South Sudan, Amnesty International warned yesterday. The charity said that T-72 battle tanks used in attacks by the Sudanese armed forces, the Sudan People’s Liberation Army (SPLA), had been “clandestinely delivered from Ukraine to South Sudan in 2009, involved transfers via Kenya and Uganda and included shipping companies from Germany and Ukraine and UK and Isle of Man-registered shell companies.” However the charity stated that the shipping companies had not broken the law. It said: “Indeed inadequacies of the legal regulations on arms shipments currently exclude them from legal responsibility.”
Russia gets its armed forces ready in the Caucasus
From: Stratrisks
A peace initiative on Syria of the UN and the League of the Arab States special representative Kofi Annan brought no results. Neither government forces nor the armed opposition agreed to it. The confrontation between them was renewed on even a larger scale and was followed by increase in death numbers. Along with civilians soldiers, officers and generals and their families are fleeing Syria. Turkey only has received more than 33 thousand Syrian citizens. Situation was exacerbated by destruction of a Turkish fighter by the missile defence of Syria. Turkey is a NATO member and Ankara along with Washington demanded adequate measures against Damascus. Syrian President Bashar Assad said his country is in a state of war.
A peace initiative on Syria of the UN and the League of the Arab States special representative Kofi Annan brought no results. Neither government forces nor the armed opposition agreed to it. The confrontation between them was renewed on even a larger scale and was followed by increase in death numbers. Along with civilians soldiers, officers and generals and their families are fleeing Syria. Turkey only has received more than 33 thousand Syrian citizens. Situation was exacerbated by destruction of a Turkish fighter by the missile defence of Syria. Turkey is a NATO member and Ankara along with Washington demanded adequate measures against Damascus. Syrian President Bashar Assad said his country is in a state of war.
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