Turkish Expropriation

Yesterday saw the Turkish stock market fall more than 7% in response to last weeks failed Coup attempt. The cost of insuring against a default on Turkish government debt based on five-year credit default swaps rose 22bp as investors took stock of underlying political risks in the country. Piotr Matys at Rabobank told that “We expect Turkish assets to... [ more ]

NATO Secretary General Jens Stoltenberg and the President of Georgia, Giorgi Margvelashvili

Georgia’s Balancing Act

On June 8, NATO Secretary General Jens Stoltenberg welcomed Georgian President Giorgi Margvelashvili to NATO Headquarters for talks on Georgia’s ongoing reform efforts and prospect for further cooperation. Stoltenberg praised Georgia’s contribution to NATO’s Resolute Support Mission (RSM) in Afghanistan and welcomed Georgia’s impressive defence reform. The Secretary went further by stating that “Over the past two years, we have... [ more ]


Brazil: A coup?

“If anyone still had no certainty that there is a coup in… the fraud, strongly incriminating statements on the real objectives of impeachment, and who is behind it, removes any doubt”, charged President Rousseff when speaking about the recent scandal involving Planning Minister Romero Jucá and his secretly recorded plot to oust her. Jucá was keen to have President Rousseff... [ more ]