Brazilian Senate president José Sarney said there are serious risks of a “Colombianization” of Paraguay given the recent actions of an armed group self proclaimed the Paraguayan People’s Army, EPP, and called for strong support for President Fernando Lugo.
Honduran president Porfirio Lobo will not attend the LAC-EU summit in Spain later this month, after South American leaders who do not recognize him as his country's legitimate leader threatened to pull out. However, he will attend the EU/Central America meeting, which will be held a day later.
British Conservative Leader David Cameron said the Labour government has lost its mandate to govern, as exit polls suggested the Tories have won the largest number of seats in Britain's national election, but will not gain a majority.
United States regulators and stock exchanges are searching for answers after what is believed to be an electronic trading error set off a heart-stopping plunge in markets that rivalled the crash of 1987.
A default by Greece on its debt obligations is not and has never been an option, a spokeswoman for the International Monetary Fund (IMF) said on Thursday. A Greek “default is not on the table, has not been on the table” insisted IMF director of external relations Caroline Atkinson.
European Central Bank president Jean-Claude Trichet faced down pressure for new moves to shore up the weakest Eurozone countries, but kept options open even as he said Spain and Portugal were “not Greece”.
Chinese shares plunged to an eight-month low Thursday on persistent concerns over weak overseas markets and government measures to tighten credit and curb property speculation, dealers said.
Brazil’s Bovespa stock index plunged Thursday to a three-month low, extending its drop in the past month to 12%, and the Real tumbled as concern Europe’s debt crisis will spread prompted investors to sell higher-yielding assets.
The French navy has located the black box flight recorders from the Air France (EPA:AF) jet which plunged into the Atlantic killing 228 people last summer. However, officials said there was still no guarantee the recorders—that could explain the cause of the crash—would ever be brought to the surface.
An imminent coup in Paraguay, Honduras-model, with the purpose of ousting President Fernando Lugo was analyzed by UNASUR (Union of South American Nations) leaders during the recent summit held in Buenos Aires, according to press reports from Argentina and Brazil.