Stories for February 2012
ECB massive cheap funds influx hoping to ease credit and government borrowing
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.
Foreign Office summons Argentine diplomat; limiting trade “counterproductive”
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.
Unasur presidents invited to Tierra del Fuego on 2 April, anniversary of the Malvinas war
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.
Argentine teachers strike delays school year; four million children remain at home
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.
Official report: Chavez in good physical condition; pelvic lesion completely extracted
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.
Uruguayan navy ousts 13 Brazilian flagged fishing vessels from sovereign waters
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
Argentina spending more than it produces; “default situation” can’t be discarded
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.
Argentines flood Chile to purchase electronic devices and home appliances
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.
Greece slashes minimum wage and pensions to help rescue the Euro
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.
Pink Floyd lead singer says the Malvinas Islands “belong to Argentina”
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.”
