“Under the corrupt populist government of President Cristina Fernandez Argentina is back on the road to ruin” is the kick off for an extremely critical report to be discussed by the US Congress and which was drafted by Douglas Farah, senior research fellow at the International Assessment and Strategy Centre under the heading of “Back to the future”.
When a million angry Argentines flooded the streets earlier this month to protest her government, President Cristina Fernandez decided to post a message on Twitter, but then could not stop and kept twitting.
Joao Havelange has quit as FIFA honorary president while Sepp Blatter has been cleared of misconduct in the ISL bribery case, a report by FIFA ethics committee said. The report described the behaviour of Havelange as morally and ethically reproachable in his dealings with ISL, FIFA former marketing partner which went bankrupt in 2001.
Populist Bolivian President Evo Morales will be allowed to seek re-election again next year, according to a Constitutional Court ruling that sparked opposition protests. Morales was elected in late 2005 and re-elected in 2009 after leading a push for a new constitution that allows only one re-election for a sitting president.
A tugboat from the Chilean Navy equipped for environmental emergencies is trying to determine the position where the remains of the Chinese factory ship Kai Xin went down in Antarctica last week after catching fire and left adrift by the 97 member crew rescued by a Norwegian vessel and a reefer.
King Willem-Alexander became the first Dutch male monarch in more than a century Tuesday as his mother Beatrix abdicated to end a 33-year reign. His popular Argentine born wife became Queen Maxima.
The ‘parallel’ or ‘blue’ dollar in Argentina which last week soared day after day to reach on Friday a record 9.30 Pesos, on Monday edged down four cents to 9.26 Pesos while the official ‘dollar’ remained stable at 5.13 and 5.19 Pesos (buying and selling).
The Argentine government is considering different options to contain the current skyrocketing of the US dollar, but according to the financial media there are different positions in the cabinet of President Cristina Fernandez. One of those calls for direct interventions while the other adopts a more passive attitude saying the issue is speculative and ‘marginal’.
Argentina which the IMF censured for underreporting inflation less than three months ago after three warnings over the past two years, last week authorized the deposit of 400 million dollars with the Washington-based lender to increase the nation’s access to emergency cash.
Argentina’s Federal Planning minister Julio de Vido called on Buenos Aires province mayors to defend the Cristina Fernandez government model and predicted a solid victory in the mid term legislative elections of next October.