Former FIFA president Joao Havelange resigned from the International Olympic Committee on Sunday, just days before he was to face an ethics inquiry it was reported by the Sao Paulo press.
Ten years ago this week, Jim O’Neill, chairman of Goldman Sachs Asset Management, coined the term BRIC, elevating the profile of four countries, Brazil, Russia, India and China, that he thought were poised to become “growth economies.”
Incoming Conservative Prime Minister Mariano Rajoy called on all Spaniards to work together to overcome the debt crisis and promised a new economic policy to deal with unemployment that is more than double the European Union average.
The leader of the ruling GSD in Gibraltar, Peter Caruana said he was confident Spain’s Partido Popular would remain committed to trilateral dialogue, even if not necessarily to the Trilateral Forum (Gib, UK and Spain) itself in its present form.
Prime Minister David Cameron held emergency talks with French President Nicolas Sarkozy on Friday, as France and Germany tried to drum up support for a new EU treaty to enforce budget discipline.
German Chancellor Angela Merkel called for rapid EU treaty change to remedy the root causes of the Euro zone's debt crisis but warned that Europeans faced a long, hard marathon to restore lost credibility.
Brazil conditioned the disbursement of more funds for the IMF to help countries in crisis to a greater say in the multilateral organization and the advance of European initiatives to solve the current Euro and debt crisis.
Leaders of Spain’s indebted autonomous regions pledged on Thursday to control spending after meeting incoming Prime Minister Mariano Rajoy to discuss their troubled accounts, which are at the heart of the country’s economic crisis.
British Prime Minister David Cameron reiterated before Parliament his support for the Overseas Territories, including the Falkland Islands, and their right to remain British. Cameron made special mention to the fact that next year in the anniversary of the liberation of the Falklands “which will be a moment for genuine celebration in all Overseas Territories”
“Uruguay does not figure in the list of countries with which France has financial difficulties”, said a special envoy from President Nicholas Sarkozy who visited Montevideo this week, thus ending the controversy triggered at the end of the early November G8 Cannes summit when Uruguay was described as a “fiscal haven”.