Stories for January 25th 2012
The UK will not negotiate the Falklands/Malvinas Islands sovereignty “until the Islander so wish to” said on Wednesday a spokesperson from the Foreign Office.
The Falkland Islands urged the EU Commission to ensure that the rights of citizens of Overseas Counties and Territories are not compromised in relations with countries and regional bodies.
Chile has emerged as the most globalized economy in Latin America and moved up to 25th place in the world, according to global consulting firm Ernst & Young. Chile is among the countries to improve their position despite global economic uncertainty, the firm’s annual Globalization Index found.
With President Sebastián Piñera signature at a ceremony in the Presidential Palace, Chile joined a community of nations in which all eligible voters are automatically registered to vote.
German Chancellor Angela Merkel appealed to business leaders at the World Economic Forum to give policy makers the space they need to tackle the debt crisis, pledging that Europe will pull together and restore confidence.
The captain of the doomed Italian liner Costa Concordia said he was told by managers to take his ship close in to shore on the night it ran aground and capsized, according to bugged conversations leaked in Italian newspapers.
Greece's public sector creditors may need to participate in a restructuring of its debt if a haircut negotiated with private sector bondholders is not enough to make Athens' debt sustainable, IMF Managing Director Christine Lagarde said.
“This joke is over” Jose Garcia-Margallo, Spanish Foreign Minister told his British counterpart William Hague this week regarding the Gibraltar sovereignty dispute.
Greece's sovereign debt restructuring appears to be following the footsteps of Argentina's disorderly debt default of 2002, a creditor that is participating in the negotiations warned this week.
All bridges with the government are not broken, said a representative from Argentina’s powerful organized labour adding he expected relations will improve since both union and business leaders “know how far they can go” when it comes to collective bargaining.