European Central Bank council member Klaus Liebscher said the bank has to be tough when deciding on interest rates and described the current inflation in the Euro zone as alarming, according to an interview with Market News International.
IMF chief Dominique Strauss-Kahn warned on Monday of the rising threat of inflation in Latin America, urging policymakers to take steps to contain the shock to prices from energy and food.
Positive and important were the words used to describe the Monday afternoon hour and a half meeting between Argentine President Cristina Fernandez de Kirchner and farmers in Government House following a stand off of over 100 days.
China will cap price rises by manufacturers to keep consumer inflation stable following the country's fuel price hike, the National Development and Reform Commission said in a statement over the weekend.
Luxembourg is by far the richest country in the European Union, with Ireland second at almost half its gross domestic product per capita, while Bulgaria is the poorest, according to the latest release from the European Union statistics office.
Uruguayan president Tabare Vazquez said that Mexico must integrate with Mercosur and Unasur (Union of South American nations) because otherwise the concept of unity, which these two organizations represent would be incomplete and insufficient.
A divided International Whaling Commission opened its annual conference in Chile on Monday with hope for a compromise on whale hunting, which continues around the world, spearheaded by Japan, despite a 22-year commercial ban.
Six months into office Argentina's president Cristina Fernandez de Kirchner honeymoon with the electorate is over and under. Her standing is also at the bottom rock of a list of Latinamerican and US leaders according to the latest public opinion poll from the renowned Mexican consulting firm Mitofsky.