Stories for 2012

Friday, June 22nd 2012 - 07:36 UTC
Spanish banks need 62bn Euros; full bail-out of the country in the drawing board

Spain's medium-term borrowing costs spiralled to a Euro-era record on Thursday and independent auditors said Spanish banks may need up to 62 billion Euros in extra capital, to be filled mostly by a Euro zone bailout.
Thursday, June 21st 2012 - 23:32 UTC
Unasur delegation travels to Paraguay to ensure “democratic system integrity”

A delegation of Foreign Affairs ministers should be arriving late Thursday to Asunción where the Paraguayan president Fernando Lugo is facing political impeachment that could have him out of office.
Thursday, June 21st 2012 - 23:25 UTC
Paraguayan Senate prepares to oust President Lugo on Friday appealing to an impeachment process

The Paraguayan Senate has summoned President Fernando Lugo for Friday midday to commence the political impeachment process which was voted almost unanimously in the Lower House (76 to 1) and will decide on his future.
Thursday, June 21st 2012 - 20:26 UTC
Teamsters return to work in Argentina, but new national strike programmed for next week

Argentina’s head of organized labour confederation CGT, Hugo Moyano came on stage Thursday afternoon to announce the end of the national strike led by the Teamsters’ union.
Thursday, June 21st 2012 - 18:12 UTC
Uruguayan minister admits deep concern about events in the Euro zone

Uruguayan Minister of Economy Fernando Lorenzo expressed deep concern regarding events in Europe and warned that “the longer the delay in effectively analyzing the cost of the crisis” then everything will work out “much costlier”.
Thursday, June 21st 2012 - 18:00 UTC
Dollar clamp measures hit Argentine mining industry and exports are “at bare minimum”

Mining companies in Argentina have sharply reduced exports because they are unable to meet a new government rule forcing them to cash in the proceeds within 30 days, the head of an industry group said.
Thursday, June 21st 2012 - 17:52 UTC
UK to reopen embassy in Paraguay and new embassy in Haiti

Following on the UK policy to establish closer ties with Latin America, Foreign Secretary William Hague has announced plans to re-open the British Embassy in Paraguay and a new British Embassy in Haiti.
Thursday, June 21st 2012 - 16:42 UTC
Uruguay/Argentina agree to 3-month hake ban in the shared maritime zone

Argentina and Uruguay agreed a ban on hake catching in the shared maritime zone beginning next July first, confirmed on Thursday Uruguayan Aquatic Resources Department (Dinara) sources.
Thursday, June 21st 2012 - 16:35 UTC
Urgent meeting of Unasur leaders to address the Paraguayan situation

Unasur presidents attending the Rio+20 summit met urgently on Thursday to analyze the current political situation in Paraguay where President Fernando Lugo is facing political impeachment following a land eviction incident that killed 17 peasants and policemen.
Thursday, June 21st 2012 - 15:56 UTC
Paraguayan president faces impeachment following 17 killings in land eviction incident

Paraguay's opposition-controlled lower house of Congress voted today to start impeachment proceedings against President Fernando Lugo following a land eviction in which 17 police and peasant farmers were killed last week.