Stories for June 2012

Thursday, June 28th 2012 - 01:14 UTC
Bipartisan support for the EU bailout fund ESM in the German Bundestag

The budget committee of Germany's lower house of parliament, the Bundestag, on Wednesday approved with a large majority the bills on the European permanent bailout fund ESM and the EU fiscal compact, it was reported in the Berlin media quoting a source who attended the committee meeting.
Wednesday, June 27th 2012 - 21:56 UTC
Brazil going “to bus” its way out of the economic slowdown

The Brazilian government plans to buy over a third of the country’s output of buses and reduce borrowing costs for state-funded investments to a record as part of a new round of measures to revive stalled growth.
Wednesday, June 27th 2012 - 20:36 UTC
The man who steered Greece into the Euro zone is back on the helm

The Greek government has appointed a new finance minister after its first choice resigned due to ill health less than a week after being appointed. Economist Yannis Stournaras has now been appointed, the government said.
Wednesday, June 27th 2012 - 20:24 UTC
Bolivian police return to work with a first main job: contain an indigenous march

Bolivia's police ended a violent mutiny and went back to work on Wednesday after reaching an accord with government ministers and the police leadership on pay and disciplinary rules, satisfying lower-ranking officers who had rejected a previous deal.
Wednesday, June 27th 2012 - 18:43 UTC
“A parliamentary system would not work in Argentina”, says chief Justice

The head of Argentina’s Supreme Court Ricardo Lorenzetti played down the possibility of a parliamentary system in the country because it would represent an “upturn of 180 degrees”, besides there is no clear initiative to reform the constitution.
Wednesday, June 27th 2012 - 17:30 UTC
Queen Elizabeth shakes hands with former IRA commander McGuinness

Britain's Queen Elizabeth shook the hand of former Irish Republican Army (IRA) commander Martin McGuinness for the first time on Wednesday, drawing a line under a conflict that cost the lives of thousands of soldiers and civilians, including that of her cousin.
Wednesday, June 27th 2012 - 17:19 UTC
Uruguay’s fiscal performance exposed to “political limitations”, says S&P report

Risk rating agency Standard & Poor’s praised Uruguay’s fiscal moderation in the last eight years since the budget’s fiscal deficit has been below 2% of GDP but criticized the “political limitations” which impede the achievement of a better performance.
Wednesday, June 27th 2012 - 17:15 UTC
Paraguay accuses Brazil, Argentina and Uruguay of a new “Triple Alliance”

The new Paraguayan government claimed before the Organization of American States, OAS, that Brazil, Argentina and Uruguay are again involved in a “Triple Alliance” to have the country ousted from the inter-American organization as is happening with Mercosur and Unasur.
Wednesday, June 27th 2012 - 16:04 UTC
Falkland Oil & Gas confirms Italian/French partner for drilling in South Atlantic

London AIM listed Falkland Oil & Gas (FOGL) said Italian utility Edison International Spa was its new partner, bringing in a large, non-British company to help it look for hydrocarbons in the Falkland Islands.
Wednesday, June 27th 2012 - 08:51 UTC
Italian treasury to the rescue of the world’s oldest bank, Monte dei Pachi

Italy offered up to 2 billion Euros on Tuesday to plug a capital gap in the bank Monte dei Paschi di Siena, the second time in three years the cash-strapped state has had to bail out the world's oldest bank.