Stories for June 13th 2012

Wednesday, June 13th 2012 - 06:17 UTC

Ahead of G20 summit Brazil conditions IMF support and wants stimulus policies

Brazil has promised 10 billion dollars to IMF but demands more voting influence

The amount of additional money Brazil plans to contribute to the IMF will depend on commitments to bolster the influence of emerging-market nations at the global lender, a senior Brazilian government official said on Tuesday.

Wednesday, June 13th 2012 - 06:11 UTC

Argentina pledges to pay bonds in US dollars and denies ‘pesification’ of contracts

Justice Minister Julio Alak: “payments should be made in foreign currency as stipulated in the contract”

Argentine President Cristina Fernandez pledged Tuesday to make an upcoming 2.2 billion dollars Boden 2012 bond payment in US dollars, rejecting recent speculation that the government would try to pay some or all of its foreign-currency-denominated debt in Argentine pesos.

Wednesday, June 13th 2012 - 04:50 UTC

Falklands’ referendum has “no value” and does not change Argentina’s position

Senator Filmus, chair of the Foreign Affairs committee who is travelling with President Cristina Fernandez to the UN

Argentine ruling coalition lawmakers rejected point blank the referendum on the Falkland Islands’ political status announced for 2013 by the Falklands elected government, and claimed it was a media stunt to distract attention from Argentine president Cristina Fernandez presentation before the UN Decolonization committee.

Wednesday, June 13th 2012 - 04:46 UTC

US “remain neutral” in Malvinas dispute, following referendum announcement

Ms Nuland said she would return an answer on the (hypothetical) result of the referendum

The US has stated that it will remain neutral in the Falklands/Malvinas Islands sovereignty dispute between Argentina and the United Kingdom, said the spokesperson of the US State Department’s Victoria Nuland after the announcement that the Islanders will hold a referendum in 2013 to decided whether they want to remain British or not.

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