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Stories for May 17th 2012

• Thursday, May 17th 2012 - 10:25 UTC

  Uruguay prepares for a serious power shortage because of lack of rainfall

  

  Uruguay’s state-owned power company UTE, is spending over seven million dollars per day to contain the deficit originated in poor rainfall that threatens production from the country’s four main hydroelectric generating plants.

• Thursday, May 17th 2012 - 10:17 UTC

  Argentina en route to become the “Greece of Latin America” claim Chilean exporters

  

  Argentina could rapidly become the “Greece of Latin America” given the trade restrictions it has imposed born out of the lack of sufficient hard currency to face its international commitments, according to Chile’s Manufacturing and Services Exporters Association, Roberto Fantuzzi.

• Thursday, May 17th 2012 - 03:54 UTC

  UK decouples from European bailout agreement to protect the single currency

  

  The UK will be exempt from a new European bailout agreement between Euro-zone countries according to a EU Treaty Amendment Bill introduced to the House of Lords this week by Foreign office minister Lord Howell.