It is a mistake to blame government expenditure for the increase of prices, as is the concept that inflation can be defeated by cutting government spending, said Uruguayan Vice-president and economist Danilo Astori, who argued that in many cases these funds are essential to finance public investments and social policies.
The Uruguayan government finalized on Friday a prices agreement with commerce and trade organizations to help bring down the third highest inflation of the region which is advancing at an almost two-digit pace. The package is to be completed with government fiscal 'sacrifice' such as the elimination of taxes on some public utilities rates.
A draft UN Security Council resolution declares that Sunday's planned referendum on Crimea's status can have no validity and urges nations and international organizations not to recognize it, according to a copy obtained by Reuters.
Michelle Bachelet became the first person since General Carlos Ibañez in 1952 to return to Chile’s presidential palace, La Moneda, for a second term. According to a recent official history of the building, the general was a stickler for fitness.
Argentina will be present at the Boston Seafood Expo North America, which is considered the most important of the United States and is scheduled for March 16/18, announced the Argentine Foreign ministry indicating it was part of the government's campaign to increase and diversify foreign trade and exports.
Argentine cabinet chief Jorge Capitanich claimed that UK's preference to talk about the Falklands/Malvinas dispute with opposition presidential hopefuls, clearly means that these leaders are willing to a greater flexibility regarding foreign interests in the dispute.
The Argentine government confirmed on Friday that the Paris Club of creditor nations have invited the country to start formal negotiations towards the end of May, apparently following on the proposal made by the Cristina Fernandez administration last January.
On February 27, 1954 Pravda published a short announcement on its front page that the Presidium of the Supreme Soviet of the USSR had decreed on February 19 the transfer of the Crimean oblast' from the RSFSR to the Ukrainian Soviet Socialist Republic.
Venezuela's annual inflation rate rose to 57.3% in February, the central bank said as violent opposition demonstrations during the month disrupted the economy. However the bank also pointed out that despite the protests inflation slowed on a month-on-month basis to 2.4% from 3.3% in January.
Crimea means more to Russia than the Falklands mean to Britain, Russia's Foreign Minister Sergei Lavrov said on Friday after holding last-ditch talks on the region with his U.S. counterpart John Kerry.