Stories for August 3rd 2012
President Dilma Rousseff continues to enjoy high popularity as Brazilian consumers sound very optimistic about the future of their country and trust they can hold on to their jobs despite the recent economic slowdown.
Uruguay’s annual consumer-price inflation dropped in July to 0.27% the lowest in 58 years, accumulating 7.48% in the last twelve months (down from 8% in June), and 4.41% in the first seven months of 2012.
While addressing the nation from the Buenos Aires stock exchange floor, Argentine President Cristina Fernández strongly defended the policy of drastically cutting debts, which guarantees “greater independence”, and of stimulating the economy because only with resources can debts be paid, “the dead don’t pay debts”.
A public debate on the future of the Falkland Islands in the face of income from oil exploitation is required rapidly, according to a Member of the elected Legislative Assembly.
President Hugo Chavez said that the incorporation of Venezuela to Mercosur was “exemplary” because it never yielded to “blackmail” from the Paraguayan extreme right and revealed that he met with Paraguayan Senator Lino Oviedo, considered the mastermind behind those attempts.
The positive image of Argentine president Cristina Fernandez has dropped 25 points and now stands at 40% after having reached 65% when her re-election last October according to an opinion poll from consultants Management & Fit.
The IMF called on Thursday for a policy game changer in the Euro zone to arrest the spread of the debt crisis it now says is clearly engulfing the entire currency bloc and its smaller neighbours.
Asian shares and the Euro eased on Friday as the European Central Bank, as happened with the Federal Reserve on Wednesday, disappointed markets looking for an imminent move to deal with the Euro zone debt crisis.
The Bank of England has kept interest rates on hold for August, and also held off from any more stimulus measures, as had been expected. Its rate-setting Monetary Policy Committee (MPC) has voted to maintain rates at the historic low of 0.5%.
Police in Peru have seized 2.3m dollars in counterfeit notes. Prosecution said the notorious Quispe Rodriguez family clan is behind the production of fake currency. Peruvian police chief, Raul Salazar, said the gang was planning to smuggle the counterfeit 50 dollar bills into the United States, hidden inside Peruvian souvenirs.