A close aide of former Prime Minister Imran Khan was arrested on charges of “seducing people to rebellion” after he called upon ordinary soldiers to disobey orders from their superiors during a TV program.
While Sri Lankans had hoped that the removal of Rajapaksa from office would be a first step to turn around the collapsed economy, negotiations with the World Bank and IMF haven’t yet been successful. Instead, protesters are being persecuted.
The debt relief comes as Ukraine is facing $1.2 billion of debt payments due at the beginning of September, and a serious shortfall in cash flow—due to the Russian invasion that began at the end of February.
The Spanish will be, along with the Japanese, the only citizens of a large, developed economy who will end 2022 poorer than in 2019. Although Spain’s economic growth rate for 2022 is higher than both the global and Eurozone average, growing more than anyone is not enough, after having fallen further than everyone else.
Now that the Greek Parliament is eager to beef up the nation’s defense, it faces a serious problem: the economy is so weak it can barely keep its population at a standard of living from 20 years ago.
