Uruguay’s President Jose Mujica, speaking without realizing a microphone was on, referred to Argentine President Cristina Fernandez de Kirchner as that ‘old lady’ saying she is “worse” than her late husband and predecessor, Nestor Kirchner.
Creating an EU banking union with a centralized supervisory and restructuring board plus telling the European Central Bank to provide unlimited liquidity to maintain the payments system are crucial if the Euro is to survive, according to a leading German economist from the European Bruegel think-tank analyzing the ongoing banking and confidence crisis triggered by Cyprus.
Most visits to Argentina are trouble-free, but you should keep a close eye on your personal belongings in public places and there have been occasional Falklands-related protests against British interests in Argentina.
The Bank of England has decided not to expand its stimulus program of quantitative easing and has also kept interest rates unchanged at 0.5%. The decision had been widely expected, despite concerns over the strength of the UK economy. The rate has been at that level since March 2009.
French President Francois Hollande has promised sweeping new anti-corruption measures, a day after his former budget minister admitted having had a secret foreign bank account containing hundreds of thousands of Euros.
Argentina has made on Wednesday a scheduled coupon payment on its 2038 Par bonds and paid interest on its 2015 Boden bonds, the Economy Ministry’s spokeswoman said. Investors are worried Argentina could trigger a technical default if a US appellate court rules against it in a case brought by “holdout” creditors suing for full repayment on bonds in default since 2002.
The following column was published in The Malta Times - After her first meeting with Pope Francis, Argen¬tina’s President, Cristina Fernandez, admitted that she tried to recruit the newly-elected Argentine-born Pontiff to support her efforts to gain control of the Falkland Islands. In spite of this predictable move, the Vatican is unlikely to intervene publicly in this conflict.
By Jen Alic - The first gas has started flowing from Israel's super-giant Tamar gas-field in the Levant Basin. Where it will go will redraw the Mediterranean energy map and the geopolitics that goes along with it.
The death toll from the heavy rains and flash floods that have pounded Buenos Aires City and La Plata, capital of the Buenos Aires province have climbed to at least 54, and could increase, Argentine authorities said on Wednesday.
Argentina will use 2.3 billion dollars of central bank reserves this year to meet payments to international financing organizations and on its official bilateral debt, according to the Official Gazette.