Stories for December 1st 2012

Saturday, December 1st 2012 - 07:48 UTC

Parlatino ample support for Paraguayan Congress despite Argentina

Argentine lawmaker Nancy Gonzalez disappointed

The Paraguayan congress was strongly supported at the Latinamerican Parliament, Parlatino, which during the XXVIII ordinary session voted against an Argentine motion to have it suspended.

Saturday, December 1st 2012 - 07:25 UTC

Unasur summit rejects Falklands’ referendum and wants to limit ‘vulture funds’

Vice-president Boudou expressed Argentina’s satisfaction with Unasur’s support (Pic EFE)

The Union for South American Nations (Unasur) agreed to limit the actions of ‘special situation funds’ (hedge funds or ‘vulture funds’) and categorically rejected a referendum that will take in place in the Falkland Islands in March to decide the political status of the archipelago, during the summit that took place in Lima.

Saturday, December 1st 2012 - 07:07 UTC

Paraguay blasts Unasur summit decision confirming suspension until April 2013

 Family picture of presidents and representatives at the Unasur summit in Lima

Paraguay complained bitterly Unasur (Union of South American Nations) decision to confirm the suspension of the country from the group until next April 2013 when elections are scheduled. The decision was described as a ‘systematic persecution’ and ‘interventionism’ of Paraguay, which is contrary to basic principles enshrined in the UN charter.

Saturday, December 1st 2012 - 07:00 UTC

Moody’s downgrades EU financial support funds after France loses top grade

ECB Draghi anticipates recovery in most Euro zone will begin in the second half of 2013

Moody's Ratings agency announced it has downgraded the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) from “Aaa” to “Aa1,” with negative outlook on each.

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