Stories for July 13th 2012
Rousseff pledges to prop the economy but with no EU-style austerity measures
Brazil will not adopt EU-style austerity measures to tackle its economic crisis and will instead cut taxes and maintain social programs, President Dilma Rousseff said on Friday.
Former PM Berlusconi will return as candidate in next year’s general election
Former Italian Prime Minister Silvio Berlusconi will return to frontline politics as the centre-right candidate in next year's general election, a senior official in his PDL party was quoted this week.
Paraguayan presidential hopeful said the country should in no way abandon Mercosur
Horacio Cartes a presidential hopeful from the Paraguayan hegemonic Partido Colorado said that exiting Mercosur would only cause the closure of industries and the loss of thousands of jobs in the country.
Brazil calls OAS to consider Mercosur and Unasur statements on Paraguay
Brazil considers “important” that the Organization of American States, OAS, takes into consideration the decisions from Mercosur and Unasur relative to the suspension of Paraguay from the two regional groupings.
Argentine resident can only purchase “tourist dollars” through banks
The dollar clamp continues to advance in Argentina: foreign currency for overseas travel will only be available in the official market with a bank check or debit from the buyer’s current account. This is considered the latest interpretation from last week’s resolution banning savings in the US currency.
The Argentine government moves into the power distribution sector
Argentina's government appointed an “observer” Thursday to oversee business operations at the power distributor Edesur SA, after the company reportedly failed to make a payment to a regulatory company.
Argentine 2011/12 soy harvest 20% lower than previous year because of dry-spell
Argentina's 2011/12 soy harvest has come at an expected 39.9 million tons, but 20% lower than the previous year's crop after a Pampas dry spell dashed early-season hopes of bumper crop, the Buenos Aires Grains Exchange said on Thursday.
Argentine organized labour splits and pledges to challenge Cristina Fernandez
Argentina’s CGT Central Labour Confederation leader Hugo Moyano, who on Thursday was re-elected for a third period during the umbrella organization’s congress warned that “we will have to rethink our vote in 2013 if the Government (of President Cristina Fernandez) does not give an answer to our claims.”
Commons report reveals UK sold £ 2.3m of military equipment to Argentina
The British government must exercise more caution in granting licences for the export of arms, according to a parliamentary report which mentions authoritarian regimes such as Bahrain but also areas of direct concern for UK such as Argentina and the Falklands.
