New foreign exchange controls a symptom Guyana is already contracting the ‘Dutch Disease’

first_imgDear Editor,Finance Minister Winston Jordan has been caught in his web of lies yet again. At a press conference held recently by Minister Jordan, he pontificated to local journalists the stability of the economy.Asked about measures to be taken by the Guyanese government – namely the Finance Ministry – his answers were half baked at best to give some sense there was no emergency.Every economist knows a significant influx of US currency into the Guyana economy will see the Guyana dollar losing its value and competiveness. This is an early symptom of the dreaded ‘Dutch Disease’, whereby companies and sectors operating locally will now have to confront the challenges associated with that influx of US currency.First oil is March 2020 at a time when there is expected to be a significant influx of US currency into Guyana.The Guyana Revenue Authority (GRA) is a creature of the State and cannot be held accountable for the recent currency exchange rates now being used across country. Bear in mind that Jordan recently mandated a limit between buying and selling the US currency locally.The eroding competitiveness of the Guyana Dollar has already begun to take its toll on export sectors. Importers will also now be paying more for their imports. Simply put, now that the price for buying a US dollar has been increased to G$208 for US$1, it means that importers will have to increase their prices.An importer who previous paid US$1 for an item at an exchange rate of G$200, will now have to find G$8 more to make the same purchase that is still being sold internationally at US$1.Consider this being replicated across the other competitive sectors. When a fertiliser agent previously paid US$10 for a bag of chemicals at G$200 for US$1, he too will have to now find more Guyana currency to pay for the same item at the same prices previously paid. The difference in the price increase has to do with the strength of the Guyana Dollar.Guyana is already contracting the ‘Dutch Disease’; its already crippled agricultural sector with the influx of US currency as a result of oil will no doubt bring additional pressures on the already struggling sector.Manufacturing across the country will take its toll since the price of fuel on the world market has also been steadily increasing and has been holding at a three-year high.What this means is that the oil companies are poised to do well and government can look to 2020 with a smile on that front, but it also means that the cost of energy will undoubtedly also skyrocket. I predict pretty soon the Guyana Power and Light Inc (GPL) already saddled with numerous loans and capital costs, will soon increase it rates for both residential and businesses.This would obtain since the billions in surplus made by GPL and the likes of the Guyana Oil Company when oil prices were lower was instead squandered through the ad hoc arrangements employed at the order of sailor Minister Winston Jordan.As the price of electricity and transportation increases across country, these costs will no doubt be passed on to consumers, and businesses – in business for a profit ultimately – will have no choice but to pass on the additional overhead costs to the Guyanese consumer.The ambitiously low inflation targets set by Minister Jordan could very likely reach double-digit figures by the end of the year. This since Government expenditure continues to rise, revenue sources have all but dried up and once productive sectors are now not only struggling but are now on the brink of extinction in some cases – think sugar.To compound this escalating situation, Guyana’s Business Ministry has in three years implemented not a single measure that has proved to be in aid of local industry; instead the Administration has resorted to doling concessions above and beyond what was done by the previous Administration; this, even though they complained bitterly ‘Jagdeo gave away Guyana.’Guyana’s Private Sector is under threat and the David Granger Administration has not only done nothing to mitigate the pressures but in some cases have exacerbated the situation.The David Granger’s economic tunnel vision pinned on the emerging oil and gas sector has already seen the contracting the ‘Dutch Disease’. Extreme situations call for extreme measures. Guyana’s economy in recent weeks was poised to flatline in 2020 ahead of first oil as the life-line, the new currency measures implemented by the GRA has now placed the country on an economic trajectory diagnosed only as ‘Dutch Disease.’Sincerely,Peter R Ramsaroop, MBA, PHDEconomic Advisor to the political Oppositionlast_img read more

ECOWAS Holds Statutory Meetings Ahead of Summit

first_imgMembers of the Liberian delegation at ECOWAS Meetings 2019.The mid-year statutory meetings of the Economic Community of West African States (ECOWAS) have begun in Abuja, the Federal Republic of Nigeria, ahead of its Summit of the Authority of Heads of State and Government slated for this weekend, a dispatch from the mission has said.On Tuesday, June 25, 2019, the 82nd Ordinary Session of the Council of Ministers of ECOWAS opened at the headquarters of the ECOWAS Commission in Abuja.According to a release from the Liberian Embassy in Abuja, Liberia’s Acting Minister of Foreign Affairs, Abraham K. Korvah, Sr., and Deputy Finance Minister for Fiscal Affairs Samora P. Z. Wolokollie, were accompanied to the meeting by Ambassador Al-Hassan Conteh.The Council will be considering several key issues expected to climax later on Wednesday, June 26, 2019, the release said.Among key issues to be considered during the Council of Ministers’ meeting include the memoranda on the hosting of the Headquarters of the Abidjan-Lagos Corridor, the award of the 2018 ECOWAS Prize of Excellence, the ECOWAS Human Capital Development Strategy and High-Level dialogue on human capital development in West Africa.In his opening statement, the president of the ECOWAS Commission, Jean-Claude Kassi Brou highlighted the vision of the Founding Fathers of ECOWAS, who saw a need to jointly tackle challenges facing their countries.“The Heads of State and Government recognized the need to jointly tackle the challenges facing their countries and pool resources, while respecting their diversity in order to achieve stability in the region, ensure rapid growth, optimize production, and raise the living standard of the people,” Brou said.He added that they must all remember the course set by the Founding Fathers and continuously embrace it as a compass that will steer their actions and evaluate the progress made.Earlier, the Mediation and Security Council (MSC) of ECOWAS held its 42nd session on Monday, June 24, 2019 in Abuja, Nigeria.The MSC, made up of ECOWAS member states’ ministers of foreign affairs and defense, deliberated on ways to improve the security situation of the region.Acting Foreign Minister Korvah and Deputy Defense Minister for Administration Tibli O. Dickson, represented Liberia, along with Ambassador Conteh.Mr. Brou said that the greatest challenge facing the region today and thus holding back economic, social and human advancement is the issue of regional security.“Almost every month, our region is hit by terrorist attacks, which plunge our populations into mourning. The problem has become more complex, with ruthless inter-communal clashes that pose a threat to the social cohesion of our countries,” he said.Brou called on member states to implement the Lomé Declaration on Peace, Security, Stability and the Fight against Terrorism and Violent Extremism, which was adopted during the joint ECOWAS-Economic Community of Central African States (ECCAS) summit in July, 2018.He stressed the need for ECOWAS to consider other patterns of relationships and strengthen cooperation with geopolitical blocs with which it shares the same vulnerabilities, given the transnational nature of security threats and the porosity of borders in the region.On the political front, President Brou highlighted the ECOWAS Commission’s continued effort to support member states in the conduct of inclusive, transparent and credible elections.Mr. Brou then presented to the Council Memorandums on the Political and Security situation in the region, which included the status of the ECOWAS Mission in Guinea Bissau (ECOMIB) and the ECOWAS Mission in The Gambia (ECOMIG), as well as one on the issuance of ECOWAS Exemption Certificate by the President of the Commission in case of “extreme” emergency.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Long track Canada Winter Games speed skating results

first_img09:30 Speed Skating Long Track – 5000 m Male Final – Final11:30 Speed Skating Long Track – 3000 m Female Final – Final Only one day remains for long track speed skating at the Pomeroy Sport Centre for the Canada Winter Games. Day two has come to a close as skaters took part in the mass start events, as well as the men’s 1,500 metre race, and the women’s 1,000 metre race.In the men’s mass start winning gold was Tyson Langelaar of Manitoba with a time of 7:03.64. Taking the silver was Antoine Roger of Quebec in 7:03.91, and winning bronze was Lucas Morin of Saskatchewan as he finished the race in 7:04.02.Winning gold in the women’s mass start was Carolane Gingras of Quebec in 5:20.20. Silver and bronze went to two B.C. skaters as Carolina Hiller and Sara Spence finished with times of 5:20.23, and 5:20.38 respectively.- Advertisement -Taking home the top spot in the women’s 1,000 metre race was Geanne Blais Dufour of Quebec in 1:22.27. Silver and bronze again went to Carolina Hiller and Sara Spence of B.C. They clocked in at 1:23.76, and 1:23.80 for their respective races.Lucas Morin of Saskatchewan won the gold medal in the men’s 1,500 metre race at 1:56.01. Silver went to Alberta’s Kevin Yaholnitsky in 1:56.68, and winning bronze was Antoine Roger of Quebec in 1:56.85. Dawson Creek’s Jacob Graham also took part in the event but the illness that he was dealing with yesterday further hindered him in today’s races as he finished in 2:03.90.As mentioned tomorrow if the final day of long track speed skating at the Pomeroy Sport Centre for the Canada Winter games. The schedule is listed below:Advertisementlast_img read more

Big-rig driver heads convoy to beat cancer

first_imgCASTAIC — Becky Cordova’s never been the princess type. A truck driver for the past 18 years, Cordova is more accustomed to engines and over-size tires than tiaras and flowers. But after being diagnosed with breast cancer, she is willing to do and try almost anything. “When you deal with something like cancer, you enjoy every day like it’s your last,” Cordova said. “I am having fun with it.” Cordova will be one of three princesses crowned today at Circle of Hope’s third annual Walk for Hope fundraising event at Castaic Lake. Proceeds of the daylong event, starting at 8 a.m., will go to the nonprofit, which provides financial and emotional support for breast cancer patients. But Cordova’s crown carries with it more weight than most pageant headpieces. And she decided that if she didn’t get her trucker buddies to come along for her moment in the sun, they might never believe her. “I have over 50 trucks coming with me,” Cordova said. Sporting pink-ribbon decals, the big rigs will make their way from Palmdale to Castaic Lake at the break of dawn today. Cordova, who got each of the truckers to donate $100, thinks the Convoy for Hope will become a tradition at the Circle of Hope springtime fundraiser. “These men were so eager to show their support. Many of them have dealt with this disease with their sisters, mother or wives.” In addition to champion princesses and big rigs, Colleen Schaffer, founder of the Circle of Hope, said at least 65 pink-ribbon-wearing dogs will also be joining the day’s festivities, making this year the most successful year for the organization. “We have more than 500 people registered this year,” Schaffer said. “Last year, we had 310.” Schaffer, who has battled metastatic cancer for five years, said the increased support couldn’t have come at a better time. As technological advances detect breast cancer earlier and more effectively, more and more women are being diagnosed and spending longer periods of time on costly treatments and medication. Cancer experts say a woman is diagnosed with breast cancer every three minutes. Schaffer said what most people don’t understand is how expensive it is for these women to beat their disease. “People will spend anywhere from $100,000 to $250,000,” Schaffer said. “Even if you are paying 10 (percent) or 20 percent of those prices, that adds up really quick and you still have insurance premiums and deductibles.” But beyond doling out financial relief for breast cancer patients, Schaffer and her helpers at Circle of Hope also provide support and comfort for women. Schaffer said crowning princesses was simply another way to have women understand that breast cancer is beatable, and they should be praised for their strength and resiliency. “We have a princess of hope, of determination and of perseverance,” Schaffer said. “Most breast cancer patients, the last thing they want to hear about is a beauty queen. But this is about the beauty within that these three women are embodying while they are fighting their disease.” Carolynn Martin, mother of two, was diagnosed with breast cancer in both her breasts in November. “It was completely overwhelming,” Martin said. “When you hear the word, cancer, you instantly think of death.” Martin, who will be joined by most of her family during the 5 kilometer walk, said being crowned princess of determination fits her well — beating the disease is her only option. “My job is to be there for my kids,” said Martin, who has a 10-year-old daughter and a 3-year-old son. “I want to be there to answer their questions, that is my job.” For Schaffer, being able to help women such as Martin is what the event is all about. “Cancer doesn’t distinguish if you have money or not,” Schaffer said. “Many people think that they have enough financial support and normally underestimate how much the expense is going to be. That is where we come in; if you can’t walk, we’ll carry you … you can lean on us. — Connie Llanos (661) 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Residents make their voices heard at pro-LNG rally

first_imgClarence Apsassin brought the conversation toward local work, calling himself a big supporter of local companies.“Supporting the larger companies in our First Nations is much needed, also,” he said to the crowd. “They need that support, too.”Peace River North MLA Pat Pimm said roughly 240 business vehicles participated in Fort Nelson’s rally, and called LNG ‘a great tool to get our natural gas to the Asian marketplace.’“It’s going to be great for Kitimat, and Terrace, and (Prince) Rupert,” he said. “It’s going to get our natural gas to the marketplace. That’s what we need to do.”“You are experts in your field,” Mayor Ackerman said. “It just amazes me how, everyday, we are able to extract and produce natural gas safely — because you know what you’re doing.”She commended the supporters for attending the rally for an industry that she says ‘must happen.’“When it’s time to let them know, let them know.”Mayor of Fort St. John Lori Ackerman addresses the crown. Photo by Montana CummingMayor of Fort St. John Lori Ackerman addresses the crowd. Photo by Montana CummingMayor of Taylor, Rob Fraser, said it’s time ‘for the silent majority to speak up.’“The world needs energy. We’re sitting on a world-class, clean energy source,” he said. “The most responsible use for this energy source we have is to get it out to the world.”Following the speakers finished up, the crowd cheered and shouted.Kristi Pimm-De Maid: “Your voices do make a difference and will be heard by the federal government.”— energeticcity (@EnergeticCity) March 16, 2016A representative with the Independent Contractors and Businesses Association was also in attendance, though he did not address the crowd.Vice-President of Regional Initiatives Mike Davis said the organization has met with a group of businesses in Terrace that shared similar as the local group out of Fort St. John.“We just wanted to get together and make a real unified approach here, and get a unified message as we head into a federal decision on LNG,” he said. “We want to make sure that Ottawa and the Province know that this is important to communities and families.”Davis describes ICBA as ‘pro-business,’ saying the group is here to support and help out any way they can.“We want work to happen, we want jobs to happen, and we’re very vocal about the projects we support. Anything that we can do to be here to help out the groups in the communities that are at the grassroots level — that’s really what its about, that’s how we were formed. Today is really about the community and about the organizing group.”Despite the overwhelming support for LNG at the event, there was some attendees who showed resistance to current LNG development.Bob Fedderly, a local resident of 35 years, describes himself as a promoter of the natural gas industry, but has reservations about developing LNG as an industry based on exporting, and insists it be used domestically.“I think it’s a great fuel, a clean fuel. But I think we need to start using it ourselves before we start flooding valleys,” he said, displaying a sign that read, ‘No Site C, Run Burrard Thermal’.“We’ve got this vast resource in place that we could use to generate electricity rather than flood our valleys,” he added, referring to Burrard’s generating station.The one project on the horizon that FSJ for LNG is immediately behind is the Pacific NorthWest LNG project, which would result in an LNG terminal built off of the north coast.The $36-billion dollar proposal received over 34,000 public comments during a one-month period. Live from the Fort St John for LNG rally.Posted by on Wednesday, March 16, 2016 FORT ST. JOHN, B.C. — Pro-LNG residents of the Energetic City made their stance on LNG loud and clear for the Province and the rest of Canada to hear.While rallies were also held in Fort Nelson and Terrace today, over 580 vehicles participated in the preceding convoy heading to the rally in Charlie Lake.Residents were eagerly watching the trucks drive by on the side of the Alaska Highway as they made their way.Even people are lined up along the Alaska Highway @fortstjohn #yxj #FSJforLNG— energeticcity (@EnergeticCity) March 16, 2016- Advertisement -“Honestly, we did not know what quite to expect,” said one of the organizers Kristi Pimm-De Maid. “But when you hear that the whole town is backed up in a traffic jam, that right there tells you that there’s such great support for LNG.”Advertisement “These kids need to have moms and dads who have family-supporting jobs, and that’s what LNG is all about — Family-supporting jobs for each and every one of them,” said B.C. Senator Richard Neufeld.He urged people to send multiple letters to the Prime Minister, to the Minister of Environment and the Minister of Natural Resources in support of LNG development.“I invited all three of them to come,” he said. “Come and see what Fort St. John people want, and today, you demonstrated that.”Advertisementcenter_img Local member of parliament Bob Zimmer recognized Alan Yu, along with Pimm-De Maid, for their efforts organizing the event.“I think a big part of this is just somebody to get the idea and running with it — and you did today. So thank you for that,” he said.Zimmer challenged claims from environmentalists that LNG is a hazard to the environment, saying he believes it’s actually good for the environment.“If you want to give China fresh, clean air to breathe, you give them LNG,” he added. He echoed Neufeld’s request for residents to write to officials, as ‘the other side is writing letters like bandits.’Prince George - Peace River - Northern Rockies member of parliament Bob Zimmer. Photo by Montana CummingPrince George – Peace River – Northern Rockies member of parliament Bob Zimmer. Photo by Montana CummingAdvertisement The lineup of vehicles extended from the Alaska Highway, along the Bypass road, to Northern Lights College.Pimm-De Maid said the event was running fairly smoothly, considering the few days taken to plan the itinerary of the day. She credited the traffic flaggers for their work directly the almost-600 vehicles that took more than two hours to park in Charlie Lake.Attendees hear from Mayor of Fort St. John Lori Ackerman, Peace River North MLA Pat Pimm, Prince George – Peace River – Northern Rockies MP Bob Zimmer, B.C. Senator Richard Neufeld, District of Taylor Mayor Rob Fraser, and Clarence Apsassin of the Blueberry River First Nation.Once everyone was parked, the dignitaries took to the stage to speak.Advertisementlast_img read more

Liverpool line-up v Man United: Powerful defensive combo to stop rivals?

first_img 1 Mamadou Sakho and Martin Skrtel 1 Liverpool will be hoping to bounce back after a disappointing Champions league exit when they visit Old Trafford.Manager Brendan Rodgers admitted his team needed to raise their performance level after their 1-1 draw with Basel and a win against thier bitter rivals could be the ailment to Liverpool’s midweek setback.However, the Reds will have to beat a Manchester United team that have won their last five Premier League games and sit third in the Premier League.Rodgers will need to decide what players will need to be rested – for physical and mental reasons – after an energy sapping Champions League game.Liverpool could recall Adam Lallana and Mamadou Sakho to the first team, after both sat on the bench for the Basel clash.Philippe Coutinho looks set to start in a front line that may, at some point, feature striker Mario Balotelli after he returned to training this week.Daniel Sturridge, Jon Flanagan and Suso remain in the Liverpool treatment room.Possible Liverpool line up against Man United: GoalkeeperSimon Mignolet looks set to start once again after pulling off some impressive saves to keep Liverpool fighting until the end against Basel. However, his shot stopping ability has never really been questioned, but his inablity to command his shaky defence remains a problem. DefenceSakho may be back. The France international was on the bench for the game against Basel and could partner Martin Skrtel.Alberto Moreno may replace Jose Enrique after the former Newcastle man failed to impress in Liverpool’s Champions League exit, while Glen Johnson, a favourite of Rodgers, looks set to continue at right-back. MidfieldEmre Can may get his first call up since returning from injury and will be tasked with protecting the back four alongside Steven Gerrard.Gerrard scored a wonderful free kick in their Champions League exit to Basel and got two goals when Liverpool last visited Old Trafford.Versatile midfielder Jordan Henderson may take his place at the right of midfield with Lallana, recovering from broken ribs, starting at the left side of what may be a compact midfield.AttackThis may be a game where Liverpool look to catch Manchester United on the counter-attack, so Rodgers may call on Coutinho and Sterling to lead a pacey attack.Although Balotelli returned to full training this week, the game may have come too soon for a start, but look for the Italian to feature at some point in the game.After starting in most of Liverpool’s recent fixtures, Rickie Lambert may have to sit out but will be expected to start in next week’s game against Bournemouth in the League Cup.Man United v Liverpool is live on talkSPORT from 1pm on Sunday 14 December.last_img read more

VICA head Herman leaves Valley group

first_img Brent Hopkins, (818) 713-3738 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! When Bonny Herman took over the Valley Industry and Commerce Association, she found a small-time advocacy group run by volunteers and a couple of part-time assistants. By the time she said goodbye to the organization on Tuesday night, nearly 20 years after hiring on as its president, she’d seen it grow from an old-boys business club into a voice of industry heard all the way to Washington. During her lengthy service to the group, VICA rallied for issues ranging from tax reform to secession, ensuring that the Valley’s commercial class spoke loudly and politicians listened. After nearly two decades as president, Herman is departing to serve as president and chief executive officer of the California Center for Regional Leadership, a group of 20 regional collaboratives and business councils. Tuesday night, her cohorts in the business sphere feted her with a gala going away party at the Sheraton Universal, saluting her sure-handed stewardship and ability to get often disparate voices to agree. “She’s the classiest person in the business community in the Valley,” said Roberto Barragan, president of the Valley Economic Development Center. “In creating that dialogue, we have something you don’t see anywhere else in the city of Los Angeles.” AD Quality Auto 360p 720p 1080p Top articles1/5READ MORESanta Anita opens winter meet Saturday with loaded card In her time guiding VICA, Herman watched the group evolve dramatically as the region’s employers moved, grew, changed hands and shut down, with stalwarts like General Motors, Carnation, Rocketdyne, Lockheed and Litton all enduring major changes. Through that tumultuous period, she kept the organization together and transformed it from a mere political critic to an advocacy group able to collaborate with local elected officials. Not that its positions have always been successful, notably support for secession and the breakup of the Los Angeles Unified School District. But on its core issues, such as business tax and workers’ compensation, VICA’s dogged determination paid off in the form of a less onerous commercial climate in the city and statewide efforts to drive down workers’ comp costs for employers. “As the president of the organization, my job is to implement the vision of the board; It doesn’t matter what Bonny Herman’s opinion is,” Herman said. “Am I proud of what I did with VICA? You bet. Every year, we worked to make it better, richer and stronger.” Temporarily stepping into her shoes will be a tall order, according to VICA Chairman Bob Scott, who’s also interim president, chief executive officer and vice president of government affairs. While Herman will still be active in the local scene, relocating CCRL’s executive offices to the Valley, Scott said the organization won’t be the same without her guiding it behind the scenes. “She gave the organization a certain amount of credibility and a huge increase in political clout,” Scott said. “She has really done an excellent job of putting together the organizational pieces to make VICA function very well.” last_img read more

Do you know where Dr Kee’s medical bag might be?

first_imgThey don’t want to make a drama out of it but a Ballybofey theatre group are looking for their missing props back!Way back in 1982 when rehearsing The Miracle Worker in the Butt Hall, a medical doctor’s bag was required for the doctor character in the play.The late Dr. Kee was asked for the loan of a medical bag. The doctor was a regular playgoer in the Butt and later the Old Balor so he not just loaned the bag but told us to keep it for further productions and so it was many times. The bag moved with the drama club from the Butt Hall to the old Balor and again to the new Balor. Alas after the flood all doors were left open in order to dry out the basement and store where the bag was kept and the bag disappeared.So it seems someone ‘borrowed’ the bag and forgot to return it. The Butt Drama Circle would dearly love to have Dr. Kee’s back, it means much more to the Club than just a prop and so if any reader knows it’s whereabouts would they please arranged to have the bag returned to it’s rightful home.But it’s not the only prop which has gone missing over the years.Also quite a number of costumes have gone awol over the years including about fifteen 50’s style skirts, wide skirts with polka dots, probably borrowed for the Strictly Dancing competitions which were popular a few years ago. A spokesman said “So we would appeal to anyone who ever borrowed a costume to please return it. Because of the foregoing new protocols have had to be put in place so in future anyone borrowing a costume will be asked to leave a deposit of €50 which will be repaid upon return of the costume less a fee of €10 per costume which is needed for cleaning and maintenance of the costumes.“There are two keyholders to the Costume room and would be borrowers will need to make an appointment with one of them. The phone nos. can be obtained from the Box Office.”Do you know where Dr Kee’s medical bag might be? was last modified: April 10th, 2017 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

STAY! £87m-rated striker told to forget about Chelsea and Man United interest

first_img1 Andrea Belotti scored 26 Serie A goals last season Torino coach Sinisa Mihajlovic has told Andrea Belotti to snub interest from Chelsea and Manchester United and stay where he is.The striker was one of the best players in Italy last season and he finished the campaign with 26 Serie A goals to his name.Several clubs from around Europe are now exploring the possibility of signing the Italian this summer and he has a €100million [£87mi] release-clause, which can only be activated by foreign clubs.Torino, however, are still planning to have the 23-year-old around next season and now their coach, Mihajlovic, has also told Belotti to stay.“Will he stay? I hope so and so does [president Urbano] Cairo who isn’t thinking of selling him,” Mihajlovic told Gazzetta dello Sport.“Then there’s the €100m release clause. If someone pays it then a flood of money will arrive, but then we’d have to change the way we play.“It’s not just about replacing Belotti, it’s worse than that. It’s hard to find someone else who pulls their teammates forward and scores 26 goals.”last_img read more


first_imgGREGORY Roberts won the North West 10K on Sunday in a superb race which saw more than 1,000 runners – and 1,600 walkers.Hundreds of people lined the route in Letterkenny to cheer the Derryman home in 32 minutes. More videos will be online here at tomorrow.DDTV VIDEO: WINNER GREGORY CROSSES FINISH LINE TO WIN NORTH WEST 10K was last modified: June 18th, 2011 by gregShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more