Stories for October 2011
Record unemployment in Spain hits 21.5% with five million out of a job
Spain's unemployment hit a 15-year high in the third quarter with little hope new jobs will be created any time soon by a battered economy that remains at the forefront of investor concerns about Europe's debt commitments.
Gibraltar new iconic Air Terminal readies for its inauguration
Gibraltar’s new iconic £50m Air Terminal, flagged as an architectural symbol of the Government’s program of infrastructure development and a pivotal piece of the expansion of the local aviation industry, will be opened for viewing to the general public on November 3rd.
UK “defies South America” when it denies Argentina Malvinas sovereignty
The Argentine representative before United Nations, Jorge Argüello claimed that the UK “defies the whole of South America” when it impedes Argentina from patrolling its own waters and exercising sovereignty over its own spaces.
South Georgia silver coin to commemorate Queen Elizabeth Diamond jubilee
South Georgia and South Sandwich Islands will issue a commemorative silver coin to mark the Diamond jubilee of Queen Elizabeth it was announced by the latest edition of the SG Newsletter.
IDB loan to promote tourism destinations and activities along the River Uruguay
The Inter-American Development Bank (IDB) approved a loan for 5 million dollars to promote tourism in six Uruguayan departments with the aim of boosting foreign exchange earnings, income, and employment.
Dilma respects cabinet sharing: names another Communist new Sports minister
Brazilian president Dilma Rousseff appointed a Communist Party congressman as the country's new Sports minister Thursday, replacing Orlando Silva, an official from the same party who resigned as he fights corruption allegations.
Brazil encouraged by Europe’s plan announcement but wants to look at details
Brazil's government is encouraged by Europe's announcement of a plan to resolve the nagging debt crisis, though more details are needed on the proposal to determine its viability, Brazilian Finance Minister Guido Mantega said Thursday.
Sarkozy said Greece should have not joined the Euro in 2001: “it was not ready”
French President Nicolas Sarkozy has said allowing Greece into the Euro zone in 2001 was a “mistake”. He said Greece was “not ready” at the time, but he added, it could be rescued thanks to Wednesday's EU deal on the euro debt crisis
Euro zone largest bank profits down as bad loans in Spain keep growing
The Euro zone's biggest bank Santander said it expected bad loans in Spain to keep on growing as Spaniards, blighted by unemployment and heavy mortgage debt, fall into arrears on payments.
China ready to support Euro rescue fund and held stabilize global markets
French president Nicolas Sarkozy conferred with his Chinese counterpart Hu Jintao as European policy makers seek to build support for an enlarged rescue fund designed to resolve the region’s sovereign-debt crisis.
