International

• Monday, June 18th 2012 - 00:12 UTC

  Cameron will personally present Falklands message to Kirchner

  

  By Graham Bound, London - Argentina's President Cristina Fernandez will get her wish on Monday or Tuesday, when she meets Prime Minister David Cameron in the fringes of the G20 meeting in Mexico to talk about the Falkland Islands.

• Saturday, June 16th 2012 - 05:54 UTC

  US foreign military sales already a record 50 billion dollars, up 70% from 2011

  

  US Assistant Secretary of State for Political and Military Affairs Andrew Shapiro said that 2012 is already a record-breaking year for US foreign military sales, which are government-to-government sales.

• Saturday, June 16th 2012 - 05:14 UTC

  C24 chair calls Falklands’ referendum ‘political ploy’; praises Argentine president

  

  The chair of the UN Decolonisation Committee Ecuadorian ambassador Diego Morejón Pazmiño described the UK announcement of a referendum in the Malvinas Islands as a “political ploy”, insisting that the Falkland Islanders can not appeal to the right of self determination.

• Saturday, June 16th 2012 - 03:05 UTC

  Ireland’s banking advice to Spain: “imagine the worst and double it”

  

  Ireland has this banking advice for Spain: imagine the worst and double it. Like Ireland, Spain sought a bank bailout after being felled by a real-estate crash. Now, just as the Irish did, the Spanish are awaiting the results of outside stress tests gauging the size of the hole in the banking system.

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

  “Who cares what an American official can think about the situation in Spain?”

  

  Economics Nobel prize (2011) Thomas Sargent admitted feeling “ashamed” when some officials from the US government make recommendations to Europe, Spain and other countries on what policies they should adopt to climb out of the current crisis.

• 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.