French President Nicolas Sarkozy pledged in a grave New Year's message to find ways to pull the economy out of stagnation in the four months left before a presidential election and vowed no further public spending cuts.
Europe must cooperate more closely if it wants the Euro to succeed as its shared currency, and it still has a long way to go to overcome its sovereign debt crisis, German Chancellor Angela Merkel said in her New Year's Eve address.
The New Year marks the 100th Anniversary of Captain Robert Scott’s Antarctic endeavors and his heroic efforts to reach the South Pole, which ultimately led to his team’s tragic demise in 1912.
The Governor of the Argentine Patagonian province of Rio Negro died in the early morning of the first day of 2012 after having allegedly received two shots in the face. Governor Carlos Soria, an ally of President Cristina Fernandez had ended last October 28 years of opposition dominance of his province.