Uruguay's president Tabaré Vazquez decision to quit the Socialist Party sent shockwaves inside the ruling coalition. The news only became public this week although the letter was dated November 24 a day after the Socialist party rejected a presidential veto on a bill to decriminalize abortion.
French President Nicolas Sarkozy unveiled Thursday a stimulus plan worth more than 30 billion USD to fight the economic and financial downturn. The French plan is the latest of a series of proposals by various European governments to earmark massive amounts of money to help reinvigorate their moribund economies.