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Stories for June 8th 2011

• Wednesday, June 8th 2011 - 02:17 UTC

  Uruguayan homes pay highest power rates and fuel prices in South America

  

  Uruguayan homes pay the dearest rates for power in South America and the highest fuel prices in the region, including taxes, according to a paper from the Argentine energy consultants Montamat & Asociados, released last month.

• Wednesday, June 8th 2011 - 02:12 UTC

  Germans don’t work as hard or intensely as Southern Europeans

  

  Southern Europeans work more and longer than Germans revealed a study discarding recent comments made by Chancellor Angela Merkel arguing that workers in debt-mired Greece, Spain and Portugal are lazy.

• Wednesday, June 8th 2011 - 00:09 UTC

  Argentine debt expert forecasts significant “hair cuts” for Greek bond holders

  

  Holders of Greek bonds will suffer a larger ‘hair cut’ than that experienced by Argentine creditors forecasts Argentina’s former Finance Secretary Guillermo Nielsen who played a crucial role in negotiations with creditors following the 2002 default.