Stories for July 2012

Tuesday, July 3rd 2012 - 01:37 UTC
ECB tells Greece to implement reforms: forget about “softer” austerity program

Greece must not lose time trying to renegotiate its foreign bailout but focus on reforms instead, European Central Bank policymaker Joerg Asmussen said on Monday, in a blow to Greek hopes of winning quick concessions from its lenders.
Tuesday, July 3rd 2012 - 01:14 UTC
Paraguay to investigate alleged meeting of military with Venezuelan minister

The new Paraguayan authorities have named a special committee of prosecutors to inquiry into the alleged meeting between Venezuelan Foreign Affairs minister Nicolas Maduro and Paraguayan military during the recent impeachment process.
Tuesday, July 3rd 2012 - 00:55 UTC
Brazil and Argentina to benefit most from Venezuela’s Mercosur incorporation

The formal incorporation of Venezuela to Mercosur next July will benefit mainly Brazil and Argentina since they could considerably increase their exports to the oil-rich country at the expense of the local production sector weakened by the economic policies from the administration of President Hugo Chavez, according to analysts.
Tuesday, July 3rd 2012 - 00:50 UTC
Japan and allies thwart South Atlantic Whale sanctuary at the IWC

By a vote of 38 in favour to 21 opposed, the South Atlantic Whale Sanctuary (SAWS) failed to meet the International Whaling Commission’s (IWC) required 3/4 majority to pass and be established.
Monday, July 2nd 2012 - 23:55 UTC
Libor rates abuses: major shake up at Barclays’ and wider government inquiry into banking

British Barclays’ group has promised a “root and branch review” of its business practices and announced the resignation of its chairman Marcus Agius. This follows Barclays' attempts to manipulate inter-bank lending rates, for which it was fined £290m.
Monday, July 2nd 2012 - 23:42 UTC
Uruguay says it was Brazil that forced the incorporation to Mercosur of Venezuela

The Uruguayan government revealed on Monday its disagreement with the way Venezuela’s incorporation to Mercosur was decided last Friday at the summit held in Mendoza, Argentina, and said “it was not the last word” since the process must be reviewed from a juridical point of view.
Monday, July 2nd 2012 - 23:36 UTC
Jeremy Browne alerts Argentina against Falklands’ politicization of London Olympics

In an interview to British newspaper Financial Times, United Kingdom’s Foreign Office Minister for South America, Jeremy Browne, alerted Argentina against the politicization of the London Olympics, set to begin on July 27th by bringing up claims over the Falklands.
Monday, July 2nd 2012 - 06:25 UTC
Peña Nieto, the new face of the old PRI, next Mexican president

Enrique Peña Nieto leads his rivals in exit polls of Mexico’s presidential election as he seeks to return the once-dominant Institutional Revolutionary Party to power after a 12-year hiatus.
Monday, July 2nd 2012 - 06:19 UTC
PM Cameron suggests referendum on UK’s conditions and EU membership

British Prime minister David Cameron has indicated that a referendum on the United Kingdom’s conditions of European Union membership is increasingly likely, but ruled out one that offers voters a straight “in or out” choice.
Monday, July 2nd 2012 - 06:11 UTC
Cristina Fernandez calls on regional unit to neutralize the global crisis

President Cristina Fernández took to her Twitter account to say that “the fundamental goal in the unity of the region must be to make sure that the global crisis has the less kind of possible impact in the development of our nations.”