Stories for November 1st 2012
Euro-scepticism spreading in the British political system
Britain faces a crisis that could end with the world's sixth largest economy leaving the European Union, Deputy Prime Minister Nick Clegg warned ahead of a showdown over budget spending with other states in the 27-member bloc.
Argentina tightens ‘dollar-clamp’: end to mortgage loans in US currency
Argentina tightened the ‘dollar clamp’ a further notch by including mortgage credits, which means people wanting to become home owners will not have access to the US currency.
Cristina Fernandez criticizes US court and promises all debt bonds will be paid in dollars
President Cristina Fernández returned to stage on Thursday and assured that Argentina's dollar-denominated debt bonds are to be “paid in dollars” whilst criticizing the New York judiciary for its latest ruling against Argentina, in a speech at the Government House.
September industrial production down 1% in Brazil; 12.4% in nine months
Industrial production in Brazil contracted more than expected in September. According to a release from the government stats office IBGE output from Brazilian factories and mines shrank 1% in September from August on a seasonally adjusted basis.
Unasur planning in-situ mission to follow political situation in Paraguay
The special Unasur group for the monitoring and assessment of the political situation in Paraguay will recommend country members naming a mission that evaluates ‘in situ’ the electoral process in the landlocked country.
Brazilian minister in Caracas to discuss Venezuela’s Mercosur adaptation process
Brazilian foreign minister Antonio Patriota is scheduled to meet on Thursday with his Venezuela peer Nicolas Maduro to discuss a bilateral and regional agenda which is expected to emphasize on current issues related to Mercosur, the coming December summit and Paraguay’s situation.
Argentine 16 to 18year olds will be voting in next year’s mid term election
Argentina’s Lower House of Congress approved the government-sponsored teen suffrage bill that allows 16-18 year olds the chance to vote in national elections. The Upper House of Congress had preliminary approved the bill with 52 votes in favour and only three against.
Mexican president-elect pledges a tax reform bill in his first year in office
Mexico's president-elect, Enrique Peña Nieto, will present a tax reform bill during his first year in office, his top aide said on Tuesday, without providing any details on the plan.
Fears the African Swine Fever outbreak in parts of Russia is out of control
According to official data from Moscow veterinary services, for the first nine months of 2012, in total 500,000 pigs were slaughtered in order to stop the spread of African Swine Fever (ASF) in Russia.
Leading Argentine corporation claims the economy is in ‘very fragile situation”
One of Argentina’ leading international corporations, Techint, made public a 200 pages report sent to the Buenos Aires stock exchange with a devastating picture of the country’s economy which “continues in a state of fragility”.
