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Jamaica’s austerity on test in national vote

Bloomberg Jamaica is showing signs of revival after a lost decade of economic contraction and increase in poverty rates. In an election on Thursday, voters must decide whether they can stand several more years of the austerity the government says has underpinned the country’s recent turnaround. Since restructuring $9 billion of debt in 2013, the administration of Prime Minister Portia ...

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Fraga sees Brazil suffering new lost decade in just 3 years

Rio De Janeiro / Bloomberg Brazil’s economy faces a prolonged rout with no recovery in sight, as political uncertainty weighs on investor confidence and structural reforms show no sign of gaining traction, according to fund manager and former central bank chief Arminio Fraga. Even if President Dilma Rousseff survives attempts to remove her from office, she will be too weak ...

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Greece blasts Macedonia border closure as Afghan refugees stuck

Idomeni / AFP Greece said on Monday it was taking action to persuade Macedonia to take in Afghan migrants as thousands remained stranded at the border and the main port in Athens. “We have begun diplomatic moves… we believe the problem will be resolved,” junior interior minister for migration Yiannis Mouzalas told parliamentary television, without elaborating on what steps were ...

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