Mercosur

Mercosur
Wednesday, February 10th 2016 - 07:24 UTC

Argentina still has uphill battle with holdouts: a stay of pari-passu is next round

Recently elected President Macri has taken a more conciliatory approach to the litigant funds, because of the need to regain access to vital hard currency funding.

While investors cheered progress on last week's arduous negotiations in New York between Argentine government officials and litigant investors, the administration of president Mauricio Macri still faces an uphill battle as it works to bring other holdouts on board.

Wednesday, February 10th 2016 - 07:08 UTC

London's position on Falklands 'unchanged', says UK ambassador in Spain

“Our position regarding the (Falkland) Islands is very well known and is not going to change,” Manley said on Monday in conversation with the Spanish news agency.

The United Kingdom will not change current policy on the Falkland/Malvinas Islands, according to the UK Ambassador to Spain Simon J. Manley, confirming London's stance on the Islands sovereignty.

Wednesday, February 10th 2016 - 02:33 UTC

Falklands: Back to the future, why the 'new approach' from Argentina is completely missing the point

“We are not a commodity to be traded between two nations; we are a people, we have a home, and we have the universally-recognised human right to determine our own political future”.

By the Honourable Mike Summers, OBE (*) - Over the weekend of the 6th and 7th February, the press in Argentina reported that the Government of Argentina (GoA) was going to change its approach to its treatment of the Falkland Islands, its relationship with the United Kingdom and how it intends to “resolve the Falklands question”

Saturday, February 6th 2016 - 07:57 UTC

Pollack statement: “pleased to report that enormous progress has been made”

I have personally spoken today by telephone to President Mauricio Macri and, earlier in the day, to Minister of the Economy Alfonso Prat-Gay.

Daniel A. Pollack, Special Master presiding over settlement negotiations between the Republic of Argentina and its “holdout” Bondholders issued the following statement today (Friday, Jan 5):

Saturday, February 6th 2016 - 07:00 UTC

Argentina close to a full agreement with holdouts: US$ 6.5bn offer to end the litigation

“The agreement was awesome,” Caputo said in New York. “We have had a good reception of the proposals and I feel optimistic.”

Argentina offered a $6.5 billion cash payment to creditors suing the country over defaulted bonds on Friday, seeking to end an exhausting 14-year legal battle, “the sovereign debt trial of the century”, that transformed the country into a financial markets pariah. Two out of six leading bondholders have already accepted the offer, the U.S. court-appointed mediator said, hailing the proposal by Argentina's new, business-friendly government as an “historic breakthrough”.

Saturday, February 6th 2016 - 06:22 UTC

Falklands' population in 'constrictive' trend, says Argentine team on the field

“There are few children and the fertility rate is low” says Gustavo Peretti, head of UNL's Geography Department  who travelled to Falklands with Mariano Varisco.

The Falklands' population composition can be described as 'constrictive' since there is a tendency to ageing in the population pyramid, in other words there are more elderly people than children. Comments belong to a member of an Argentine team of geography and migration experts from a university in Santa Fe province (Universidad Nacional del Litoral, UNL), who have been granted scholarships to collect such data from the Islands, based on a project the team presented.

Saturday, February 6th 2016 - 05:31 UTC

Brazil's inflation at 12-year high in January driven by food and transportation prices

Food prices jumped 2.28% in January from 1.50% in December as a strong El Niño weather pattern caused floods and disrupted production of fresh vegetables

Brazil's inflation rate rose to a 12-year high, officials said on Friday, as Latin America's largest economy continues to struggle through a protracted recession. Driven by rising food prices, the annual inflation rate hit 10.71%, the highest since November 2003 and well beyond the central bank's target ceiling of 6.5%, said national statistics institute IBGE.

Wednesday, January 27th 2016 - 06:42 UTC

Parlasur could invite Falklanders', but first Macri must cracks the “chavista axis”

The initiative is from Alberto Asseff a member of Parlasur who responds to Sergio Massa, and considers himself a Falklands' expert

The Argentine representation in the Mercosur parliament, Parlasur, is considering inviting a group of 'kelpers' Falklands/Malvinas lawmakers, 'to listen to their needs and promote cooperation, but in the framework of Argentina's unrenounceable sovereignty claim over the Islands'.

Monday, January 4th 2016 - 06:35 UTC

Argentine ex foreign minister Taiana speaker of Mercosur parliament during 2016

 This year Argentina holds the temporary presidency of the Mercosur parliament, Taiana thus succeeds Saul Ortega, from Venezuela, who was speaker in 2015.

Argentina's former foreign affairs minister under ex president Cristina Fernandez, Jorge Taiana has been nominated speaker of the Mercosur Parliament in Montevideo, as of this month and year.

Wednesday, December 30th 2015 - 14:10 UTC

Two ex ministers with prison sentences for Buenos Aires train accident that killed 51 and injured 789

Former federal transportation secretaries Ricardo Jaime, and Juan Pablo Schiavi,  were sentenced, respectively, to six and eight years in prison.

An Argentine court handed down prison sentences of up to nine years for those charged in the February 2012 train accident in Buenos Aires that killed 51 people and injured more than 700.

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