The coming 6th Summit of the Americas will not include in its final statement the issue of the Falkland/Malvinas Islands, the sovereignty of which is in dispute between Argentina and the UK.
US Federal Reserve Chairman Ben Bernanke said banks need to have more capital at hand in order to ensure the financial system is stable. Bernanke said regulators were taking steps to force financial institutions to hold higher capital buffers, even if they allow for a long period of implementation to prevent any market disruptions.
The UK is seeking repayment of a loan granted to Argentina in 1979 which was invested in military procurement some of which was used during the Falkland Islands conflict.
Housing busts and recessions are more severe and last for at least five years when they follow a big run-up in household debt, according to a study released by the International Monetary Fund. For that matter, the IMF has urged governments to consider “bold” interventions to reduce household debt levels and stimulate growth.