Latin America

Latin America
Tuesday, June 17th 2014 - 07:15 UTC

Argentina will pay 92% of restructured bonds, hopefully 100% of debt, but will not accept extortions

“We want to fulfill and honor our debt, and we will do that” said Cristina Fernandez.

President Cristina Fernandez pledged on national television late Monday that Argentina will abide and honor its debts, the 92% of those who trusted in the country and hopefully the 100% of creditors, but will not accept 'extortions'.

Monday, June 16th 2014 - 07:22 UTC

OAS congratulates Santos and underlines the democratic process in Colombia

Insulza extended his congratulations to Santos and to Zuluaga for his immediate recognition

OAS Secretary General José Miguel Insulza, congratulated Colombian President Juan Manuel Santos for his re-election with an absolute majority of votes cast, which gives him a decisive popular mandate.

Monday, June 16th 2014 - 07:04 UTC

Santos and his promise of peace wins the run off in Colombia

Colombian president addressed his militants (Photo AP)

Incumbent President candidate Juan Manuel Santos was reelected by a margin of over 5 percentage points in the second round of Colombia's’s elections, defeating conservative Democratic Center candidate Oscar Ivan Zuluaga, who concede defeat and congratulated the winner.

Monday, June 16th 2014 - 06:58 UTC

Pacific Alliance wants to 'expand influence' through cooperation with other groups

Mexican minister Guajardo says integration with observer countries is possible in specific areas

The Pacific Alliance will try to 'expand its influence' through agreements with other blocks to improve cooperation in different fields while targeting a “wider integration” in the region, said Mexico's Economy minister Ildefonso Guajardo. The Alliance is holding its summit this week in Punta Mita, Mexico when the chair of the group will pass from Colombia on to Mexico.

Monday, June 16th 2014 - 06:46 UTC

Merkel fully committed to reach an EU/Mercosur trade deal

The German Chancellor met on Sunday with President Rousseff in Brasilia

German Chancellor Angela Merkel assured Brazil on Sunday that she will do her utmost to bring to successful end negotiations for a cooperation and free trade deal between the European Union and Mercosur.

Monday, June 16th 2014 - 06:32 UTC

Irish farmers fear 'decimation' from a Mercosur/EU trade agreement

MEP Harkin: “any concessions have to be strongly rejected”

The determination of European Commission President Manuel Barroso to conclude a deal with Mercosur before he leaves office posed a severe threat to Ireland's interest, Independent MEP Marian Harkin has warned in a piece reported by Irish Independent.

Monday, June 16th 2014 - 06:26 UTC

Cristina Fernandez and Mujica, so close but ever so distant

Almagro sent a letter to Timerman inviting him to dialogue but also recalling a long list of non delivered Argentine promises

The lasted chapter of the resurgent diplomatic conflict between Argentina and Uruguay was not addressed during a brief encounter of presidents Cristina Fernandez and Jose Mujica in Bolivia where they attended the G77 plus China summit over the weekend.

Monday, June 16th 2014 - 05:52 UTC

G77 plus China summit confirms the close ties of Beijing with Latin America

Evo Morales hosted the meeting which convened representatives from 133 countries

The summit of G77 leaders plus China wrapped up Sunday with a call for an end to poverty by 2030, after a demand by Bolivia's President Evo Morales to eliminate the UN Security Council. It also marked the presence of Beijing which has become the leading trade partner of many Latam countries.

Monday, June 16th 2014 - 05:38 UTC

Support for Argentina's 'Malvinas question' in the G77 plus China summit

Cristina Fernández attended the two-day summit which also included UN Ban Ki moon

The G77 plus China extraordinary summit which took place in Bolivia over the weekend approved two statements in support of Argentina's position in the 'Malvinas Islands question' and a second referred to the current conflict with holdout hedge funds, a long running litigation that has reached the US Supreme Court. Argentine president Cristina Fernández attended the Santa Cruz de la Sierra event.

Monday, June 16th 2014 - 05:26 UTC

Bolivia honors visiting Ban Ki-moon with a coca leaves birthday cake

“The Bolivian people will never forget your visit,” Morales told Ban in front of hundreds gathered for the presentation of the cake

United Nations Secretary-General Ban Ki-moon got an unusual treat for his 70th birthday when the president of Bolivia, Evo Morales, presented him with a cake made with coca leaves. The UN chief was in Santa Cruz, Bolivia for a meeting this weekend of the G77 group of countries to discuss measures for reducing poverty.

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