Stories for December 1st 2012
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.
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.
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.
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.