Shortly before the premier of the British Virgin Islands appeared before a US judge on charges of cocaine smuggling and money laundering, a commission of inquiry in London hurriedly published a report urging the UK to take direct control of the Caribbean territory, citing systemic corruption.
Emerging nations, including El Salvador, Ghana, Egypt, Tunisia and Pakistan, will be challenged with a historic cascade of defaults as a quarter-trillion-dollar pile of distressed debts exerts downward pressure on economies, Bloomberg is reporting.
){kind=link}
){kind=link}
){kind=link}