Stories for February 2012

Wednesday, February 29th 2012 - 14:51 UTC

ECB massive cheap funds influx hoping to ease credit and government borrowing

Mario Draghi said a “major, major credit crunch” was averted

Banks grabbed 530 billion Euros at the European Central Bank's second offering of cheap three-year funds on Wednesday, fuelling hopes that more credit will flow to businesses and government borrowing costs will ease further.

Wednesday, February 29th 2012 - 14:35 UTC

Foreign Office summons Argentine diplomat; limiting trade “counterproductive”

PM Cameron “sad with the confrontation approach”

Argentina's top diplomat in Britain was summoned to London's Foreign Office on Wednesday to explain his country's decision to ask 20 leading companies to stop importing British products and supplies.

Wednesday, February 29th 2012 - 07:42 UTC

Unasur presidents invited to Tierra del Fuego on 2 April, anniversary of the Malvinas war

Phone lines are not working between presidents Lugo and Cristina Fernandez

The Union of South American Nations, Unasur presidents have been invited by Argentina to a ceremony in Ushuaia, Tierra del Fuego, next 2 April when the official beginning of the Malvinas war three decades ago.

Wednesday, February 29th 2012 - 07:41 UTC

Argentine teachers strike delays school year; four million children remain at home

Teachers are demanding a starting salary of 686 dollars per month

Almost 60% of Argentina’s school children could not begin the new school year and had to remain at home because of a 48 hours teachers strike following the collapse of salary negotiations.

Wednesday, February 29th 2012 - 07:38 UTC

Official report: Chavez in good physical condition; pelvic lesion completely extracted

Vice President Elias Jaua made the statement to the Venezuelan parliament

Surgeons “completely” removed a lesion from Venezuelan President Hugo Chávez's pelvis and the populist leader is in good physical condition after the operation in Cuba, Venezuela's vice president said on Tuesday.

Wednesday, February 29th 2012 - 07:36 UTC

Uruguayan navy ousts 13 Brazilian flagged fishing vessels from sovereign waters

The Uruguayan navy patrolling

The Uruguayan Navy and Coast Guard impeded 13 Brazilian flagged trawlers from entering sovereign waters to fish, according to an official release from the Presidency website

Wednesday, February 29th 2012 - 07:24 UTC

Argentina spending more than it produces; “default situation” can’t be discarded

Diana Mondino, economist and risk analyst argues Argentina is not investing enough in production

Argentina currently consumes more than it produces and only with strong growth can it avoid another default situation since liabilities continue to increase, warns economist Diana Mondino.

Wednesday, February 29th 2012 - 07:14 UTC

Argentines flood Chile to purchase electronic devices and home appliances

An LED HD 42 inches costs 40% cheaper in Chile

Seven out of ten Argentine cars that cross to Chile return home with electronic devices and home appliances bought in some Chilean city, according to a report from the Buenos Aires daily La Nación.

Wednesday, February 29th 2012 - 07:11 UTC

Greece slashes minimum wage and pensions to help rescue the Euro

Greeks took to the streets to protest

Greece approved bitter new austerity measures on Tuesday, slashing the minimum wage and chopping pensions as Athens began implementing measures demanded by international lenders in return for a 130 billion Euro rescue package.

Wednesday, February 29th 2012 - 01:43 UTC

Pink Floyd lead singer says the Malvinas Islands “belong to Argentina”

For Roger Waters the Falklands war saved Margaret Thatcher’s political career

Former Pink Floyd lead singer Roger Waters, who has nine shows scheduled in Buenos Aires at the River Plate stadium this March, assured that the Malvinas Islands “belong to Argentina. He also stated that the 1982 war between Argentina and the UK “saved then British Prime Minister Margaret Thatcher’s political career.”

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