Stories for March 11th 2011
How Argentina torpedoed Uruguay’s FTA with the US, according to Wikileaks
Although in public former Argentine president Nestor Kirchner was supportive of Uruguay’s negotiations for a free trade agreement (FTA) with the United States, members of his cabinet warned the US embassy in Buenos Aires that Argentina would block such an initiative in Mercosur, according to the contents of several Wikileaks cables published in Montevideo and Buenos Aires.
Setback for Timerman: judge files case involving US Air Force aircraft
A new delicate situation has emerged for Argentina’s Foreign Affairs minister Hector Timerman after a judge decided to file the case involving the seizing of allegedly “sensitive material” from a US Air Force aircraft that landed in Buenos Aires main airport last month.
In spite of inflation, Bank of England leaves interest rates at record low 0.5%
UK interest rates have been held again at their record low of 0.5% by the Bank of England's Monetary Policy Committee. There has now been no change to the Bank rate for two years, despite the fact that inflation is currently twice the Bank's target rate.
European Parliament casts uncertainty over EU/Mercosur trade talks
This week’s strong statement from the European Parliament warning about concessions that ‘can adversely affect European farmers’, precisely a week before Mercosur and EU delegates meet in Brussels to advance trade discussions has caused a certain degree of uncertainty among the South American group delegates.
Decline of bees’ colonies threatens pollination, essential for growing more crops
More than a dozen factors, ranging from declines in flowering plants and the use of memory-damaging insecticides to the world-wide spread of pests and air pollution, may be behind the emerging decline of bee colonies across many parts of the globe.
Unasur becomes effective with a ministerial meeting in Quito
Union of South American Nations Foreign Affairs ministers meet Friday in Quito to formally launch the group’s treaty and charter and begin discussions on a successor for deceased former Argentine president Nestor Kirchner who was the first Secretary General of Unasur.
