Stories for August 2001
French-Brazil ambitions stir fears of South America Arms Race.
Fears of a damaging arms race in South America have been expressed as a result of French ambitions of boosting sales of Dassault Aviation's sophisticated supersonic Mirage combat aircraft, in partnership with Brazil's booming Embraer aircraft manufacturer.
South American faces “Crisis of confidence”.
Discrepancies over battling FAM.
IMF will advance loan to Argentina.
International Monetary Fund Director General, Horst Koehler announced he will recommend an accelerated disbursement of a 1,2 billion US dollars loan to Argentina, once the IMF mission currently in Buenos Aires, ends its review of the country's austerity program.
Treasury vs Wall Street.
Argentina could be the victim of a strong dispute between the US Treasury and Wall Street who are odds over investments in emerging markets bonds, where returns are greater but not necessarily the risks, according to some US economists.
DAP wants to take off again.
Andrés Pivcevic pioneer in charter flights to the Falkland Islands from Chile is now involved in the creation of a regional air company that will fly to the extreme south and north of the country, according to Punta Arenas press.
“A lesson not to forget”
In a surprisingly forceful, and candid, speech during the official inauguration of the annual Palermo Agricultural Show, President Fernando De la Rúa vigorously promoted the “zero-deficit” austerity package and also admitted a cover up operation regarding foot and mouth disease.
“I'll be back” promises Menem.
“You can be certain I'll be back in 2003 as president of Argentina”, forecasted former president Carlos Menem to British Channel 4.
