About 20,000 young people angry over high unemployment have spent the night camping in a famous square in Madrid as political protest grows. A big canvas roof was stretched across Puerta del Sol square, protesters brought mattresses and sleeping bags and volunteers distributed food.
Current trade negotiations between the European Union and Mercosur dominated the opening speeches at of Eurolat (Europe/Latin America Parliaments) Fifth Plenary Session which is taking place in Montevideo.
The IMF warned Greece it must redouble reform efforts to avoid derailing its fiscal program, key to dealing with a huge debt mountain.The sternest IMF warning since a 110 billion Euro EU/IMF bailout a year ago pulled the troubled Euro zone member back from the brink of bankruptcy was delivered as European officials raised the possibility of a Greek debt restructuring.
Dominique Strauss-Kahn is not in a position to run the International Monetary Fund after his arrest over an alleged sexual assault, US Treasury Secretary Timothy Geithner has said. He added IMF's executive board should designate an interim head.
The alleged assault on a maid happened at New York's luxury Sofitel hotel on 14 May.
Foreign Office Minister for Latin America Jeremy Browne will be visiting Uruguay from 20-21 May where he will be meeting government officials and key business people to strengthen ties between UK and the Mercosur member.
China, India and Brazil are poised to fuel an explosion in international tourism in the coming years helping to create jobs in countries ready for it, and trouble for those that lag, industry leaders say.
Queen Elizabeth honoured Irish people killed fighting for independence from Britain in a powerful gesture of reconciliation few people would have believed possible even in recent times.
The United States dollar status as the world’s single reserve currency will end by 2025, according to a new report by the World Bank.
Brazil announced it was imposing non automatic import licences on synthetic fibre blankets from Paraguay, Uruguay and China, according to an official communiqué from the Brazilian Ministry of Development, Industry and Foreign Trade released Tuesday.
Brazil’s former Foreign Affairs minister Celso Amorim said that the next IMF Managing Director must come from an emerging economy if Dominique Strauss-Kahn, currently in custody in New York on alleged rape charges finally looses his job.