International

• Wednesday, December 7th 2011 - 22:06 UTC

  Economics Nobel Prize winner predicted ten years ago Euro lack of “clear fiscal backing”

  

  The winner of the Nobel Prize in economics says that a decade ago he feared the Euro would face problems because there wasn't enough fiscal coordination between countries to support it.

• Wednesday, December 7th 2011 - 02:10 UTC

  UK protests to Argentina the interception of Falklands licensed fishing vessels

  

  The UK has protested to Argentina over its interception of Falkland Islands-licensed fishing boats, mainly Spanish in disputed South Atlantic waters and in the River Plate when they approach the port of Montevideo.

• Wednesday, December 7th 2011 - 01:57 UTC

  Obama sends Geithner in support of the ‘Merkozy” Euro rescue plan

  

  US Treasury Secretary Timothy Geithner threw his weight on Tuesday behind a Franco-German plan to tackle the Euro zone's sovereign debt crisis and said the European Central Bank had to play a major role in any solution.

• Wednesday, December 7th 2011 - 01:54 UTC

  S&P downgrade warning, “the best news” to find an EU solution, says Schaeuble

  

  German Finance Minister Wolfgang Schaeuble said Standard & Poor’s downgrade warning for 15 Euro- area governments will spur European leaders to double efforts to resolve the debt crisis at the Dec. 8-9 summit.

• Tuesday, December 6th 2011 - 18:51 UTC

  Forum to promote trade and investment relations Latam-India

  

  The potential of India for Latinamerican exports and investment opportunities was underscored during the presentation of a report “India and Latin America and the Caribbean, opportunities and challenges in trade and investment relations” sponsored by the UN Economic Commission for Latin America and the Caribbean, ECLAC.

• Tuesday, December 6th 2011 - 15:26 UTC

  Tripartite Forum (UK, Spain and Gibraltar) “dead” says incoming Rajoy delegate

  

  The Tripartite Forum which includes Spain, UK and Gibraltar is dead and the incoming Conservative government of Mariano Rajoy is not willing to accept Gibraltar as a third party in sovereignty talks over the disputed British Overseas Territory.

• Tuesday, December 6th 2011 - 13:42 UTC

  IOC shelves an investigation into former FIFA head Joao Havelange

  

  The International Olympic Committee has shelved an investigation into former FIFA head Joao Havelange after he resigned as an IOC member just days before an ethics hearing into his conduct, IOC President Jacques Rogge told reporters.

• Monday, December 5th 2011 - 21:57 UTC

  The most expensive car crash reported in the south of Japan

  

  A luxury sports car outing in Japan has ended in what may be one of the most expensive car crashes in history. Eight Ferraris, three Mercedes-Benzes, a Lamborghini and two other vehicles were involved in the pile-up in the southern prefecture of Yamaguchi.

• Monday, December 5th 2011 - 20:32 UTC

  Spanish government ‘concerned’ with Argentine harassment of fishing vessels in Falklands’ waters

  

  The Spanish government has expressed ‘concern’ about claims from the Vigo-based fleet operating in the south-west Atlantic which has come under continuous harassment from Argentine naval patrols claiming they are fishing ‘illegally’ in ‘Argentine waters’ in spite of having licences awarded by the Falkland Islands government.

• Monday, December 5th 2011 - 20:24 UTC

  “Mercozy” Euro ‘fiscal control’ plan to be announced Wednesday

  

  French President Nicolas Sarkozy and German Chancellor Angela Merkel met in Paris on Monday to align their positions on centralizing control of Euro zone budgets to stem a debt crisis that threatens Europe's currency union.