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On Sunday, I reported Rebels Launch Counteroffensive: 4,000 Ukrainian Forces Trapped . That may have been an understatement.
The Financial Times reports Insurrection Forces François Hollande to Act . François Hollande, a politician renowned for his caution, acted with uncharacteristic speed on Monday to shake up his Socialist government after a weekend of provocative insurrection by Arnaud Montebourg, his most voluble leftwing minister. The Elysée Palace denied French media reports that Manuel Valls, the uncompromising prime minister appointed only five months ago, had delivered a “him or me†ultimatum to the president, forcing Mr Hollande’s hand
As a result of Obamacare Medicaid expansion coupled with means-tested Obamacare assistance, I estimate welfare rolls expanded from 35.4% of the population in 2012 to about 40% in 2014.
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With that backdrop it will be easier to understand today’s Bloomberg report Argentina’s Bonds Decline on Plan to Offer Local-Law Swap . Argentina’s bonds sank to a two-month low after the government said it plans to pay foreign-currency notes locally to sidestep a U.S. court ruling that blocked payments and caused its second default in 13 years.
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CNN reports …