Politics

Friday, May 27th 2011 - 18:37 UTC
Lagarde too committed to the Euro to be nominated IMF chief, says top economist

Finance Minister Christine Lagarde is the wrong choice to head the International Monetary Fund as it gets deeper into the Euro-zone rescue, a former IMF chief economist said this week.
Friday, May 27th 2011 - 09:26 UTC
Defence minister denies Argentina is “obstructing” the Falklands economy

Defence minister Arturo Puricelli denied Thursday that Argentina was obstructing the economy of the Malvinas Islands as claimed by Falklands’ governor Nigel Haywood in his state of the nation speech to the elected Legislative Assembly of the Islands.
Friday, May 27th 2011 - 09:24 UTC
Pimentel anticipates more ‘active measures’ to defend Brazil’s industry

The Brazilian Government announced that it is considering additional import restrictions on top of the ones already applied to vehicles, as a measure to defend their national industry.
Friday, May 27th 2011 - 09:15 UTC
Lamy calls G20 not to fall prey of protectionism; points to Russia and Argentina

World Trade Organization Director General Pascal Lamy warned world leaders that adopting protectionist measures can have “devastating effects” on the global economy. Addressing the G 20 group Lamy called on the leaders to resist “the temptations of protectionism”.
Friday, May 27th 2011 - 09:11 UTC
Top economists anticipate ‘restructuring’ of Greek debt or ‘booting’ out of the Euro

Nouriel Roubini, the New York University economist known as Dr Doom, says Greek restructuring would not bring down Europe's financial system. The economist, who earned his nickname by predicting the global financial crisis, says an orderly debt restructuring could pre-empt more trouble.
Friday, May 27th 2011 - 08:58 UTC
Chavez sacks half of PDVSA board following a 500 million USD fraud

Venezuela’s government giant oil corporation sacked half its board of directors Thursday after PDVSA ’s pension fund lost about 500 million US dollars in a Ponzi scheme linked to a Connecticut-based investor.
Friday, May 27th 2011 - 08:32 UTC
Unasur ‘won’t collapse’ as happened with TIAR during the Malvinas war

Argentine President Cristina Fernandez de Kirchner praised the success of Unasur and forecasted that the South America Defence Council will be far more effective and robust than the previous experience with the TIAR, which “collapsed in 1982 during the Malvinas war”.
Thursday, May 26th 2011 - 23:53 UTC
G8 promises aid in support of ‘Arab spring’ and democratic consolidation

The Group of Eight leaders meeting in France are expected to approve on Friday billions of dollars in aid in support of the ‘Arab spring’ with a program designed to foster change sweeping North Africa and the Middle East.
Thursday, May 26th 2011 - 23:46 UTC
Regional C24 seminar in Jamaica in anticipation of Falklands’ June 23 presentation in New York

The United Nations Special Committee of 24, (for the implementation of the declaration on the granting of independence to colonial countries and peoples) will hold its annual regional seminar in Kingstown, Jamaica, Saint Vincent and the Grenadines, from 31 May to 2 June.
Thursday, May 26th 2011 - 18:52 UTC
Former minister criticizes Argentine economy management and warns on inflation

Argentina’s former cabinet chief Alberto Fernandez warned that the government is “not looking at the economy as it should” and is risking “all the good things that have been done so far”. He was also very critical of Economy minister Amado Boudou.