International rating agency Standard&Poor’s has changed its outlook of Romania’s rating from stable to negative while affirming the country’s long- and short-term foreign and local currency sovereign credit ratings at ‘BBB-/A-3’. In reaction, Romania’s Liberal Government argues the action is fully based on the previous Government’s actions, although the rating agency questioned the incumbent Government’s fiscal consolidation stance as well.
Bernie got it right again. Read the article here.
A Bulgarian Regional Court, at the first instance, allowed the extradition of a Russian national, to Russia at the request of the Russian Prosecutor’s Office. Judicial incompetence? Political bias? Or rule-of-law decay? Read Here
Transatlantic Council plans coercive economic measures against China, following successful coordination of the Western sanctions against Russia. EU prepares Economic Security Strategy. Experts are promoting the creation of a “geo-economic NATO”. Read HERE
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