USA: The Right Way to Investigate Trump Once He Leaves Office - by R. Mariotti

This was always going to be a dilemma for Trump’s successor. After an openly self-dealing president like Trump, the nation needs to see that no American is above the law, and that there will be consequences for anyone—even a former president—who enriches himself at the nation’s expense or abuses his power.

But any prosecution of Trump, no matter how fair, will draw criticism from Trump’s supporters in an already-divided nation. Even non-partisan observers have reason to be concerned by the spectacle of the administration of a new president prosecuting the president who just left office. It’s essential for any stable democracy that elected leaders don’t use their new powers to punish their opponents after they’ve lost. No president has ever done it.

Read more at: The Right Way to Investigate Trump Once He Leaves Office - POLITICO

USA - Climate change: The next financial crises?

Climate change: The next financial crisis?

Read more at: 

https://www.euronews.com/2019/07/02/climate-change-the-next-financial-crisis

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Turkey: Erdogan has limited options to save (himself) and Turkey from the financial crisis - by Samia Nakhoul, Dominic Evans

Purge them all, including the economy

After 15 years in power as prime minister and president, Tayyip Erdogan faced down a weak opposition in June elections that swept away any checks and balances to the unchallenged rule he wanted. In Turkey he appears lord of all he surveys.

But his victory could become a poisoned chalice if he cannot resolve an angry feud with President Donald Trump that is pushing his country towards financial crisis.

Erdogan has limited options. Most involve a loss of face or a loss of sovereignty for which he alone would be blamed, having successfully marginalized not just a divided opposition but his own Justice and Development Party (AKP).

His victories in June were decisive. Re-elected as president under a new order modeled more on Vladimir Putin’s Russia than France or the United States, he also secured a parliamentary majority by allying with far-right nationalists.

The role of prime minister was abolished, leaving Erdogan to dominate not just the executive - appointing ministers, chairing the cabinet and replacing top civil servants with political appointees – but also holding sway over the judiciary and the legislature.

Having chosen to rule alone from his vast neo-Ottoman palace in Ankara, he confronts the spiraling crisis alone.

The lira has collapsed by 40 percent this year. Turkish banks that borrowed heavily abroad now face the near impossible task of refinancing short-term debt in expensive dollars and euros.

Bottom-line : the party could be over for President Erdogan very quickly, even violently, once the vast majority of his followers personally start feeling the economic pinch in their own pocket-books, which is now starting to happen at a rapid pace.

Read more: Erdogan has limited options to save Turkey from financial crisis | Reuters

Ukraine - Russia: EU leaders extend Russian sanctions over Ukraine for six more months

After meeting in Brussels on Friday, the European Council (EC) announced that EU leaders agreed to extend economic sanctions against Russia for six months.

The decision will be formally confirmed in the coming days, an EU official said.

The sanctions are aimed at Russia's financial, energy and defense industries. They are specifically intended to block Russian banks' access to EU markets and limit Russian access to some EU imports.

US sanctions against Russia are likely to figure large when US President Donald Trump meets his Russian counterpart Vladimir Putin in Helsinki on July 16.

Evidence of Russian meddling in the US 2016 election led the US to impose sanctions on Russia in April, but Trump and some European leaders have questioned if sanctions against Russia have the desired effect.

A spokeswoman from the German economy ministry said on Friday that the ministry had received a commitment from the US that any new US sanctions would not affect Russian pipelines, a reference to the controversial Nordstream II pipeline linking Russia and Germany.
 
Read more: EU leaders extend Russian sanctions over Ukraine for six more months | News | DW | 29.06.2018

Money Cnn: Europe's economic prospects still strong despite high market volatility

For the complete report in CNNMoney click on this link

Europe's economic prospects still strong despite high market volatility

In report titled 'European economic forecast: the central banks' tightening cycle nears its end,' S&P said the present high rate of capacity utilization combined with robust demand prospects will continue to spur capital spending. But, the volatility in credit markets could curtail liquidity and act as a powerful brake on corporate investments.

'Our view at this point is that investment-grade corporates are unlikely to be significantly affected by the current market turbulence. But there is a risk that a more dramatic flight to quality by investors and money managers would shut down refinancing routes for all but the most creditworthy entities,' Jean-Michel Six, S&P's chief economist for Europe, said.

TÜV - Netherlands uses RFID to "futurise" cash tracking

For the complete report from TÜV click on this link

Netherlands uses RFID to "futurise" cash tracking

A Dutch company has made an effort to futurise its cash logistics by introducing an radio frequency identification (RFID) tracking programme. SecurCash, a cash-in-transit company, purchased the system from Transtrack International and Capturetech, so that it can follow secure cash transports much more closely.

By using the new system it allows every cash transport detail to be registered, thereby creating transparency throughout the process. TUV Product Service, part of the TÜV SÜD Group of companies with 1bn Euros turnover, in excess of 9,500 employees and 500 locations worldwide, is a leading producer of Compliance and Assurance Solutions for the RFID sector.