Stories for 2012
Argentine president and multi-party delegation leave for UN Falklands’ debate
Argentine President Cristina Fernandez leaves Wednesday at 19.00 hours for New York where on Thursday afternoon she is scheduled to address the UN Decolonization Committee claiming sovereignty over the Falklands/Malvinas and other South Atlantic Islands as well as demand discussions with the UK over the future of those territories.
Argentine dollar restrictions intensify malaise in real estate and the wider economy
On June 7 the Argentine government presented a bill to require debt and new contracts are denominated in pesos, while the government is mulling the de-dollarisation of real estate contracts. This would make real estate purchases even more difficult than they currently are in a country with ever-tightening capital controls.
Cristina Fernandez announces plan to build 400.000 new houses in four years
In an attempt to recover the political initiative and sliding opinion polls Argentine President Cristina Fernández announced the launching of an ambitious housing program aimed at building 400.000 homes in the next four years.
Stressed Lagarde’ faux pas: “more shortly than three months to save the Euro”
Action to save the Euro is required in “more shortly than three months,” International Monetary Fund Managing Director Christine Lagarde said in an interview to CNN. The IMF chief response came after a reporter pressured the official to access billionaire investor George Soros’ remarks that Euro leaders had three months to save the Euro.
Moody’s downgrades Repsol rating, exposing vulnerability to YPF seizure
Moody's Investors Service decided to slash the long-term rating of Spanish oil company Repsol after the Argentine government seized 51% stake of Argentina based YPF, formally run by Repsol.
Ahead of G20 summit Brazil conditions IMF support and wants stimulus policies
The amount of additional money Brazil plans to contribute to the IMF will depend on commitments to bolster the influence of emerging-market nations at the global lender, a senior Brazilian government official said on Tuesday.
Argentina pledges to pay bonds in US dollars and denies ‘pesification’ of contracts
Argentine President Cristina Fernandez pledged Tuesday to make an upcoming 2.2 billion dollars Boden 2012 bond payment in US dollars, rejecting recent speculation that the government would try to pay some or all of its foreign-currency-denominated debt in Argentine pesos.
Falklands’ referendum has “no value” and does not change Argentina’s position
Argentine ruling coalition lawmakers rejected point blank the referendum on the Falkland Islands’ political status announced for 2013 by the Falklands elected government, and claimed it was a media stunt to distract attention from Argentine president Cristina Fernandez presentation before the UN Decolonization committee.
US “remain neutral” in Malvinas dispute, following referendum announcement
The US has stated that it will remain neutral in the Falklands/Malvinas Islands sovereignty dispute between Argentina and the United Kingdom, said the spokesperson of the US State Department’s Victoria Nuland after the announcement that the Islanders will hold a referendum in 2013 to decided whether they want to remain British or not.
Brazil says economy should pick up in coming months in spite of world slowdown
Stimulus measures enacted by policymakers in recent months should soon lead to a pickup in growth, breathing some life into Brazil after three straight quarters of stagnation, said central bank president Alexandre Tombini. However he warned about two years of slow global growth and markets volatility.
