Stories for June 2012

Wednesday, June 13th 2012 - 20:53 UTC
Drastic cut in EU trade aid; most Latam countries will loose tariff preferences

The European Parliament backed plans to take “high and upper-middle income” countries out of the bloc’s tariff preference system, the House informed on Wednesday following a vote on the issue.
Wednesday, June 13th 2012 - 18:13 UTC
South Georgia plans removal of reindeer herds with Norwegian advisors

The South Georgia Government has released the report of a reconnaissance trip by two experts from the Norwegian Nature Inspectorate investigating the practicalities of eliminating reindeer from the South Georgia Island.
Wednesday, June 13th 2012 - 17:44 UTC
As Falkland Islanders, we have the right to decide our own fate

By MLA Gavin Short (*) - The following piece was published on Wednesday’s edition of The Guardian. Thirty years on from the liberation of the Falklands, a referendum on our political future will send a clear signal to the world
Wednesday, June 13th 2012 - 13:41 UTC
Seeking a new understanding of sovereignty

The London-based South Atlantic Council today made a call “for a new understanding of sovereignty” thirty years after the cease-fire that ended hostilities between Britain and Argentina.
Wednesday, June 13th 2012 - 08:28 UTC
Argentine president and multi-party delegation leave for UN Falklands’ debate

Argentine President Cristina Fernandez leaves Wednesday at 19.00 hours for New York where on Thursday afternoon she is scheduled to address the UN Decolonization Committee claiming sovereignty over the Falklands/Malvinas and other South Atlantic Islands as well as demand discussions with the UK over the future of those territories.
Wednesday, June 13th 2012 - 08:21 UTC
Argentine dollar restrictions intensify malaise in real estate and the wider economy

On June 7 the Argentine government presented a bill to require debt and new contracts are denominated in pesos, while the government is mulling the de-dollarisation of real estate contracts. This would make real estate purchases even more difficult than they currently are in a country with ever-tightening capital controls.
Wednesday, June 13th 2012 - 08:17 UTC
Cristina Fernandez announces plan to build 400.000 new houses in four years

In an attempt to recover the political initiative and sliding opinion polls Argentine President Cristina Fernández announced the launching of an ambitious housing program aimed at building 400.000 homes in the next four years.
Wednesday, June 13th 2012 - 06:28 UTC
Stressed Lagarde’ faux pas: “more shortly than three months to save the Euro”

Action to save the Euro is required in “more shortly than three months,” International Monetary Fund Managing Director Christine Lagarde said in an interview to CNN. The IMF chief response came after a reporter pressured the official to access billionaire investor George Soros’ remarks that Euro leaders had three months to save the Euro.
Wednesday, June 13th 2012 - 06:22 UTC
Moody’s downgrades Repsol rating, exposing vulnerability to YPF seizure

Moody's Investors Service decided to slash the long-term rating of Spanish oil company Repsol after the Argentine government seized 51% stake of Argentina based YPF, formally run by Repsol.
Wednesday, June 13th 2012 - 06:17 UTC
Ahead of G20 summit Brazil conditions IMF support and wants stimulus policies

The amount of additional money Brazil plans to contribute to the IMF will depend on commitments to bolster the influence of emerging-market nations at the global lender, a senior Brazilian government official said on Tuesday.