If the global economy enters a new economic crisis it may lead to epic debt defaults, according to trade economists at the United Nations. Following the 2008-2009 crisis, developing countries faced a huge influx of cheap credit. The process was heated by quantitative easing programs in the developed nations. Source: RT
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Leader of the VVD Halbe Zijlstra expects the euro no longer exist in a few years. He would at least have told opinion maker Jort Kelder and journalist Arno Wellens. Zijlstra itself can remember little of the conversation. Source RTL
The North Atlantic Treaty Organization plans to open the way next month for businesses to bid for about 3 billion euros ($3.2 billion) in orders for satellite communications, air and missile defenses, cyber security and advanced software.Source Bloomberg
Oil prices have recently edged below $50 a barrel, but several U.S. drillers have already locked in higher prices for the barrels they sell this year, a new report says. After OPEC announced it would trim oil production in late November, nearly three dozen of the largest U.S. explorers increased oil hedging activity by a third. Source Fuelfix