Spanish bonds have returned 3.5 percent over the last three months, the best performance of anywhere in the euro region. Neighboring Portugal is the opposite. Italy also looks a riskier alternative as it faces a referendum in the fourth quarter that may cost Prime Minister Matteo Renzi his job. Source: Bloomberg
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Turkey is continuing to escalate its provocations against Greece, as five fighter jets of the Turkish Air force violated Greek air space 6 times and committed air traffic infringements, Friday. Source Tornos News
Armed forces participated in a divisive holiday celebration in the Republika Srpska entity, contravening orders from the Ministry of Defence. The members of the Third Infantry Brigade, made up of soldiers from Republika Srpska, participated in the event despite explicit orders not to do so from the Ministry of Defence and a warning from NATO command in Bosnia. Source Balkan Insight
The Bosnian Serb leader may be bluffing when he talks about holding a ‘historic’ referendum this year – but either way, he is pushing the country towards ever-greater instability. Source BalkanInsight