International

• Saturday, June 16th 2012 - 03:00 UTC

  Pitting the idea of growth against budgetary rigour is ‘simply rubbish’ says Merkel

  

  Germany's Angela Merkel regretted the lack of confidence among Euro leaders and warned against “mediocrity” as she stood firm against “growth quick fixes” to Europe's crisis.

• Friday, June 15th 2012 - 19:23 UTC

  Euro central banks prepared for any ‘Greek surprise’, anticipates Draghi

  

  The Euro zone economy faces serious risks and no inflation threat, European Central Bank President Mario Draghi said on Friday in comments that heightened expectations the ECB could cut interest rates or take other policy action soon.

• Friday, June 15th 2012 - 19:20 UTC

  Modest gains in world markets waiting for the Greece’s Sunday election

  

  US stock were modestly higher as optimism over a possible coordinated action by major world central banks if Sunday's Greek election causes financial turmoil was tempered by a weak reading on domestic manufacturing.

• Friday, June 15th 2012 - 19:16 UTC

  Euro-zone financial turmoil will have significant impact on global economy, says Fitch

  

  Fitch Ratings says a new round of adverse shocks centred on the Euro zone is slowing the fragile global economic recovery. In its latest quarterly Global Economic Outlook (GEO), Fitch forecasts real GDP growth of major advanced economies (MAE) to remain weak at 1.1% in 2012, before only a modest rebound to 1.7% in 2013 and 2.2% in 2014.

• Friday, June 15th 2012 - 06:23 UTC

  Argentina refuses to receive invitation to dialogue from the Falklands’ government

  

  A letter from the Falkland Islands government inviting the Argentine government to enter into a dialogue and which was to be delivered directly to President Cristina Fernandez’ delegation during the Decolonization Committee debate was frustrated by the passivity of the C24 chair and by Foreign Minister Hector Timerman.

• Friday, June 15th 2012 - 06:19 UTC

  Cristina Fernandez calls for an end to colonialism and blast UN Security Council

  

  In a strong speech claiming sovereignty over the Falklands/Malvinas issue addressing the UN Decolonization Committee, Argentine president Cristina Fernandez called on the UK “to leave this history of colonialism behind and start building a new history based on dialogue” but at the same time blasted the recent announcement of a referendum in the Islands do decide on their political status.

• Friday, June 15th 2012 - 03:18 UTC

  Summers invites Argentina to sit down and enter into a dialogue with the people of the Falklands

  

  In his speech to the UN Decolonization Committee MLA Mike Summers recalled that Article 1 of the UN Charter sets out the importance of respect for the principle of equal rights and self-determination of all peoples, which Argentina ignores and the Commission, which tries to be neutral, does not express this in its resolutions.

• Friday, June 15th 2012 - 02:55 UTC

  Do human beings not have human rights if they reside on a piece of land that Argentina wants?

  

  The first petitioner for the Falkland Islands MLA Roger Edwards before the UN Decolonization Committee said that Argentina claims to fight against colonialism yet wishes to annex the Islands and “subject our people to alien subjugation and domination”, which is the very definition of colonialism.

• Friday, June 15th 2012 - 01:36 UTC

  British Prime Minister boost for the Falkland Islands

  

  On the thirtieth anniversary of its liberation from Argentine occupation (June 14), the Falkland Islands was given its biggest boost by any British Prime Minister since Margaret Thatcher.

• Thursday, June 14th 2012 - 23:08 UTC

  Merkel warns “Germany’s strength is not infinite” and there are “no miracle solutions”

  

  Chancellor Angela Merkel rebuffed pressure for Germany, Europe's most powerful economy, to underwrite debt or guarantee bank deposits in the euro zone.