The European Central Bank stepped in on Wednesday to stem an accelerating sell-off of Euro zone government bonds, traders said, after the United States called for more decisive action to halt a spreading sovereign debt crisis.
The administration of President Barak Obama reaffirmed its decision to “keep reminding” Argentina of the need to comply with its international obligations as well as the importance of upholding an investment climate ‘transparent and fair’ that includes paying creditors, points out a piece from Buenos Aires La Nacion correspondent in Washington.
President Cristina Fernández met on Thursday with newly appointed Argentine ambassador to the US Jorge Argüello at the Olivos presidential residency, and instructed him to improve bilateral ties “to their best possible levels.”
The US referred to last week’s meeting between Barack Obama and President Cristina Fernández as “warm,” but once again “encouraged” Argentina to pay off the debt it holds with US bondholders and companies.
US Democratic congressman Maurice Hinchey sent a letter to President Obama requesting the declassification of several US intelligence documents, held by the Pentagon, the FBI and the CIA, that contain information related to human rights abuses, specifically the disappearance of children during Argentina's last military regime, which ruled in the country from 1976 to 1983.
President Barack Obama recommended his French counterpart, Nicolas Sarkozy to follow the example set by Argentine President Cristina Fernández, who was re-elected in a landslide win just ten days ago.
US President Barack Obama has regained the top spot in Forbes magazine's list of the world's most powerful people, edging out Russian Prime Minister Vladimir Putin and last year's winner, Chinese President Hu Jintao, who slipped down to third.
The US Government confirmed that president Barack Obama is scheduled to meet privately with President Cristina Fernández on Friday. The meeting will take place in Cannes, France one day after the G20 Summit begins.
President Barack Obama, seizing on a report that showed the US rich getting richer while the rest of the country struggled to get ahead, said that Republicans were thwarting a fairer approach.
President Barack Obama said on Thursday that European Union leaders have laid a critical foundation to solve the Euro zone debt crisis with their deal announced Wednesday evening.