Bulgaria’s caretaker government plans to raise 1.5 billion euros through the issuance of US dollar-denominated bonds, marking the first time in 22 years. The move is aimed at addressing the country’s budget deficit and covering maturing debt amidst a prolonged political crisis. The offering includes 12-year dollar-denominated securities and euro-denominated bonds with maturities of 8 and 20 years, with pricing expected as early as August 28.
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Starmer moves to crush welfare rebellion with speech to Labour MPs
In a speech to MPs, Sir Keir Starmer urged realism as he faced a rebellion over planned welfare cuts, warning that the government must seize and shape change for the benefit of the British people. Labour MPs expressed disquiet over chancellor Rachel Reeves' proposed cuts for the disabled, amidst concerns about balancing the budget and an upcoming by-election in Runcorn. The meeting was marred by veteran MP Diane Abbott being locked out, while anger simmered...
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