maka wrote:http://www.bloomberg.com/news/articles/2016-05-18/mozambique-says-can-t-pay-178-million-debt-interest-this-month.
Cash-strapped Mozambique won’t be able to honor a $178 million debt-interest repayment that’s due next week for a previously undisclosed loan extended to a state-run company, Finance Minister Adriano Afonso Maleiane said.
Mozambique has zero qualms defaulting on its obligations...Venezuela is the polar opposite.
Countries are being forced to choose between a rock and a hard place. Ghana is not very far off in this debt continuum.
Apparently KE reserves are at a record two year high. A major reversal on the same is on the cards.
The main purpose of the stock market is to make fools of as many people as possible.