Argentina is ready to cancel next Friday a bond issue which was handed out to residents with bank deposits victims of the so called “corralito” (paddock) in 2002 when the collapse of the Argentine economy and financial system.
The number of bank accounts of non residents in Uruguay climbed 14% in June compared to a year ago, --6.769 new clients--, which is higher than the increase verified for the whole number of residents and non residents, up 2%, according to Uruguay’s central bank data.
Violent disputes over indigenous land are on the rise in Brazil, sparking heightened militancy by natives angered by broken promises of compensation and slower government registrations.
Venezuelan president Hugo Chavez announced he expected to sign an oil/gas alliance between Argentina’s YPF and PDVSA (Venezuelan Petroleum) when he meets with his peer Cristina Fernandez in Brasilia in the framework of the Mercosur extraordinary summit to officially incorporate the country as full member of the trade group.
The World Bank on Monday said it stood ready to help governments respond to a broad-based run-up in grain prices that has again put the world’s poorest people at risk and could have lingering detrimental impacts for years.
Argentina’s Cristina Fernandez “wonder boy” seems to be missing on his homework. According to the Argentine media Economy Deputy Minister Axel Kicillof not only has his savings in US dollars but owns real estate in Uruguay, which Argentina considers an overseas fiscal paradise.
Uruguayan president Jose Mujica said on Monday it “is not useful” for foreign ministries to publicly exchange letters following Argentina’s latest message accusing Uruguay of not collaborating in exposing claims of alleged bribes involving the works planned for the widening and deep-dredging of the River Plate access canal Martin Garcia.
As part of its “Malvinas noose tightening” policy the Argentine government is planning an international tender to offer licenses to explore for oil near the Falkland Islands, reports Buenos Aires main daily Clarin in its Monday edition, citing a letter to Congress by Cabinet chief Juan Manuel Abal Median.
Planning Minister Julio De Vido denied that the Government plans the “intervention” of the energy sector and clarified that “we demand investment and production plans. This is not an intervention, simple more planning.”
Support for Spanish Prime Minister Mariano Rajoy fell sharply in July after his government announced a new round of deep spending cuts and tax hikes to fight the sovereign debt crisis, an opinion poll showed.