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Montevideo, September 25th 2023 - 19:56 UTC

Stories for March 10th 2013

  • Sunday, March 10th 2013 - 11:38 UTC

    PM Cameron fumble turns austerity and budget cuts policy into a national debate

    OBR Robert Chote said “there is widely held assumption that tax increases and spending cuts reduce economic growth”

    Prime Minister David Cameron was reprimanded by a budget watchdog for claiming that it did not see his austerity agenda as a drag on Britain's economy. In a speech on Thursday, Cameron said his deficit-cutting agenda was not responsible for the country's depressed growth rate which was instead caused by the financial crisis, the Euro zone's problems and higher oil prices - a view he said was endorsed by the independent watchdog.

  • Sunday, March 10th 2013 - 11:29 UTC

    Fitch downgrades Italy’s debt rating; economy forecasted to contract 1.8% this year

    PM Mario Monti’ technocrat government did not deliver all it was expected

    Ratings agency Fitch added to Italy's mounting problems this week by cutting its credit rating due to the political uncertainty after last week's election, deep recession and rising debt. Fitch lowered Italy's sovereign rating by one notch to BBB plus, with a negative outlook, raising the risk that its next ratings change will be a further downgrade.

  • Sunday, March 10th 2013 - 01:56 UTC

    Argentine lawmakers to call special session to reject Falklands’ referendum

    Senator Filmus, head of the Senate Foreign Relations Committee

    The Argentine ruling coalition and opposition lawmakers have coordinated efforts to convene an extraordinary session of the Senate to draw up a unanimous rejection of the referendum taking place Sunday and Monday in the Falkland Islands

  • Sunday, March 10th 2013 - 01:52 UTC

    Venezuela announces snap presidential election for April 14

    Maduro with Chavez legacy is favoured to win over Capriles

    Venezuela announced Saturday that it will hold a presidential election to succeed late leader Hugo Chavez on April 14 after his political heir took office. The national electoral council set the date one day after Nicolas Maduro, Chavez's handpicked successor, was sworn in as acting president in a ceremony largely boycotted by the opposition, which slammed it as unconstitutional.