Epstein Secrets

ndividual Rights 'Denotes indicators scored on a 12-point scale. All others are scored on a 16-point scale. illiberal governments in countries like Hungary for their rejection of international democratic standards in favor of perceived national inter- ests. Even when there is no direct collaboration,

with a victory for the democratic opposi- tion in Venezuela's parliamentary elections, Macri's victory may have been the beginning of a rollback of Latin America's populist movements, which had previ- ously made impressive gains across the region!' Voters in these countries retained faith in the democrat- ic pr

join its "Eurasian Union." I suspect the cost to Moscow just went up. Beyond the near abroad, Russia's relations with countries such as Poland and Hungary, once warming, are now tense and adversarial. NATO, which has been searching for a role in the post-Cold War era, has been given a new lease on lif

cy entailed. During his two terms, Roosevelt wound down the war in the Philippines that he had helped start in 1898, thwarted European designs upon Latin America, and mediated the Algeciras Crisis and the Russo-Japanese War, for which he won the Nobel Peace Prize. Barack Obama promised to bring a fresh persp

25% is now invested in Irish bank stocks, with another 50% subject to liquidation to fund the bailout. This follows on similar decisions in Spain, Hungary and France to repurpose diversified pension funds into government bonds. The Koreas: playktg with fire We wrote about India recently ("From Nehru

creditors around. The latest steps remind me of the desperate attempts by US banks to lend more money on top of prior money during the late 1980s to Latin America, when Citibank chairman Walter Wriston's "countries cannot default" thesis was left in ruins. For everyone that said last spring that "Greece 2009 i

7 2.70 2.80 2.8 2.8 EEMEA Czech R. Policy 0.05 0.25 0.50 0.75 1.00 2y 0.74 0.60 0.80 1.00 1.10 1 Oy 1.37 1.20 1.40 1.60 1.70 Hungary Policy 0.90 0.90 0.90 0.90 0.90 2Y 0.42 0.40 0.50 0.70 0.90 1 Oy 2.35 2.20 2.30 2.50 2.80 Israel Policy 0.10 0.10 0.10 0.10

00 7.77 7.48 Fa ecast as °OW-06-2017 Spec exchange rate as of 06-Xill 7 Source. BofAhlemll LrxhOWS Research. Blocrebeig Table 9: EM FX Forecasts Lath America Spot Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 USDBAL 3.29 135 3.40 3.45 3.50 3.55 3.60 USDAAXN 18.33 18.80 19.50 20.00 20.00 2

EFTA01702892 USCODE: Title 18,3181. Scope and limitation of chapter Page 16 of 19 Greece Grenada Guatemala Guyana Haiti Honduras Hong Kong Hungary Iceland India Iraq Ireland Israel Italy Jamaica Japan Jordan Kenya Kiribati Korea Latvia Oct. 16, 1923 Mar. 1, 1924 Oct. 10, 1934 Mar.

rts to negotiate updated extradition treaties relating to narcotics offenses with each major drug- producing country, particularly those in Latin America." Page 13 of 19 512 TREATIES OF http://www.law.comelLedukscode/htmlluscodel8/usc_sec_18_00003181----000-notes.html 5/23/2007 EFTA01702890 IJS

2.6 3.6 3.0 5.0 5.8 5.8 5.1 Bulgaria 1.7 0.7 1.5 Czech Republic 1.9 -1.1 0.0 -1.6 -1.3 -1.6 0.0 0.8 2.4 1.4 3.4 2.7 2.2 2.4 Hungary 1.6 -1.4 0.0 .1A -0.7 •1.0 0.0 0.5 1.8 2.0 5.5 5.5 3.7 3.9 Poland 4.3 2.1 1.6 0.8 1.6 0.5 1.3 2.3 3.0 2.3 4.0 2.9 1.9 2.

1.8 2.3 1.8 1.3 3.1 1.5 1.0 1.5 2.5 3.0 1.9 1.9 1.6 1.4 Canada 2.6 2.0 1.7 1.7 0.6 1.5 1.7 2.0 2.2 2.5 1.6 1.6 1.4 2.0 Lath America 4.2 2.4 1 3.7 2.0 2,2 4 3.7 3.9 4.1 4.0 t 3.9 4.9 5.3 5.3 5.1 Argentina 8.9 2.7 3.6 .3.7 1 2.51 lag 2.0 2.5 2.0 2.0 9.9 10.0

76014 0.5 2.1 -1.1 1.0 0.9 1.2 0.8 0.8 0.7 1.1 1.0 1.4 2.4 -0.4 1.7 1.6 1.7 1.3 1.5 1.6 1.9 1.9 1.8 2.3 0.3 EEMEA Poland Hungary Czech Republic Romania Russia Ukraine Kazakhstan Israel Turkey South Africa GDP (% yoy) 2015F 2016F 2017F 1.0 3.4 2.7 4.5 3.7 1.9 3.

uidity Given the challenges facing many EM economies, the coming year will likely see a marked divergence in monetary policy across the regions. In Latin America, despite a reasonably subdued growth backdrop, we expect central banks to raise interest rates in most countries and by almost as much as the Fed.