The European Union has agreed to file a trade suit against Argentina's import restrictions with the World Trade Organization (WTO), a senior Spanish government source said on Monday, reports Reuters.
Italy's Prime Minister has not ruled out bringing in the army to deal with the increasing levels of violence across the country. PM Mario Monti raised alert levels Sunday at sensitive sites across the country after a rebel group shot and wounded the head of the state-controlled nuclear energy company, Ansaldo Nucleare.
The Argentine government expressed “great concern” on Monday following the decision from the Spanish government to ban bio-diesel “not produced within the European Union” from the country.
Brazilian police was out in full force to occupy for an indefinite period a group of favelas (shanty towns) surrounding the ‘marvellous’ city of Rio do Janeiro following the killing of the state’s most wanted drug lord.
Protests of indignados continue in Madrid and Barcelona in spite of arrests and members of the 15-M movement have promised they will not abandon streets and plazas until after the anniversary of the first protest in Puerta del Sol a year ago on Tuesday.
The European Union cannot amend agreed rules on tighter fiscal discipline despite voters' rejection of austerity policies in several countries, and France's new leader must understand this, Germany's finance minister said.
The central bank remains independent and the current interest-rate cutting cycle is driven by specific economic factors, not pressure from President Dilma Rousseff, Brazil’s central bank President Alexandre Tombini said in an interview in the Sunday edition of O Estado de S. Paulo.
The Spanish Government formally protested its “displeasure and discomfort” over the state visit of the Earl of Wessex to Gibraltar next month. But Spanish Foreign Minister Jose Garcia-Margallo nonetheless confirmed that the Spanish Queen Sofia will attend the May 18, 60th anniversary of the Coronation celebration in London, but “in a private capacity”.
Fernando Henrique Cardoso, a Brazilian scholar turned president, has won the $1 million John W. Kluge Prize for Lifetime Achievement in the Human Sciences, the United States Library of Congress plans to announce Monday.
Chancellor Angela Merkel’s conservatives suffered a crushing defeat on Sunday in an election in Germany’s most populous state, a result which could embolden the left opposition to step up attacks on her European austerity policies.