Stories for June 2012

Wednesday, June 27th 2012 - 08:48 UTC

Venezuela on the campaign trail: “President Chavez, only second to God”

Chavez, a winning card but the only card for the Bolivarian regime

Political ads exalting Venezuela's populist President Hugo Chávez as second only to God have offended opponents and added further controversy to an already spicy presidential election campaign.

Wednesday, June 27th 2012 - 08:38 UTC

Petrobras Argentina second oil and gas strike in Patagonia’s Santa Cruz

Minister De Vido is already counting the pennies of the new well

Petrobras Argentina, the local unit of Brazil's state-owned energy firm, said on Monday it had found new oil and natural gas resources in its Estancia Agua Fresca concession in the Patagonian province of Santa Cruz

Wednesday, June 27th 2012 - 08:32 UTC

Mexico preparing WTO case against Argentina over suspension of auto trade accord

Economy minister Bruno Ferrari promises “a strong and energetic position”

Mexico is prepared to take legal actions against Argentina after the government of President Cristina Fernandez announced its decision “to suspend” an automobile trade agreement.

Wednesday, June 27th 2012 - 08:25 UTC

Argentina reiterates it will honour bonds maturing in August and December

Cristina Fernandez said some G-20 countries are following Argentina’s financial strategies

Argentina will pay back 5.716 billion dollars in bonds maturing next August and December, several of them tied to GDP evolution, confirmed president Cristina Fernandez.

Wednesday, June 27th 2012 - 08:20 UTC

Paraguay “back to business as usual” but with a shadow “legitimate” government

Lugo said he would not be attending the Mercosur summit in Mendoza

Ousted Paraguayan president Fernando Lugo announced on Tuesday that he will not be attending the coming Mercosur summit scheduled to take place this Thursday and Friday in Mendoza.

Wednesday, June 27th 2012 - 08:14 UTC

First organized labour national strike challenges President Cristina Fernandez

Moyano: Why can’t a worker and union leader become Argentine president?

For the first time in decades the powerful Argentine organized labour movement has confirmed it is going ahead with a much debated national strike against a Peronist government, which allegedly rests on support precisely from the unions and a long history of generous labour legislation.

Wednesday, June 27th 2012 - 03:39 UTC

Malvinas are Argentine: ignore provocations in English soil, CFK tells Olympic delegation

Luciana Aymar with the Argentine flag next to the president

President Cristina Fernandez told the Argentine Olympics delegation there is no need to interfere with the sports spirit in London to show Malvinas belongs to Argentina and called on competitors not to fall prey of provocations while in English soil.

Tuesday, June 26th 2012 - 22:59 UTC

Argentina’s next actions may impact fisheries beyond Falklands

Argentine government analyses the implementation of measures related to fishing in Falkland Islands. (Photo: Colto/FIS)

It is clear and nobody doubts that Argentina has taken a more robust and active attitude with respect to its sovereignty claims over the Falkland Islands and the adjacent South Atlantic zone, comprising Georgia and the Sandwich Islands, which continue under the FIFD's (Falkland Islands Fisheries Department) exclusive management.

Tuesday, June 26th 2012 - 22:37 UTC

Spanish regions cripple Madrid’s attempts to keep budget deficit target

Plenty of homework for Rajoy to present to partners later this week

Spain is considering raising consumer, energy and property taxes, the government said, as it struggles to reduce a public deficit that may have already exceeded one of its budgeted ceilings for the full year.

Tuesday, June 26th 2012 - 22:16 UTC

Paraguay: Back to Latin America's bad old days? (*)

Lugo’s removal, a bump in the long road for Paraguayan democracy (Photo AP)

While the ouster of Paraguay’s president is a setback to the young democracy of the country, it shouldn’t be viewed as a repeat of Latin America’s history of coup d’états. The painful process of democratic maturity will continue, albeit slowly.

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