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VENEZUELA: The oil-backed virtual currency called the petro was launched yesterday.
Caracas hopes the novel money will reduce its dependence on the US dollar for international trade, increasing the country’s resilience in the face of US sanctions and economic warfare.
Each petro is to have the initial value of a barrel of oil and the plan is to release 100 million tokens.
International solidarity can ensure that Trump and his machine cannot prevail without a level of political and economic cost that he will not want to pay, argues CLAUDIA WEBBE
US tariffs have had Von der Leyen bowing in submission, while comments from the former European Central Bank leader call for more European political integration and less individual state sovereignty. All this adds up to more pain and austerity ahead, argues NICK WRIGHT
