
Italian Prime Minister Mario Monti on Friday won a final parliamentary confidence vote granting full power to his new government after pledging to spur growth and reduce debt in the euro-region’s third-largest economy.

Greece's new government took a first step on Friday towards meeting terms of an international bailout needed to avoid bankruptcy, submitting a budget bill that foresees no new austerity measures next year as long as reforms are enacted.

Brazilian president Dilma Rousseff on Friday signed into law the creation of a commission to investigate human rights abuses committed during military dictatorships with the purpose of strengthening democracy but ‘leaving aside all forms of revenge’.

President Cristina Fernández urged Argentines ”to make an effort to understand the moment the country and the world are undergoing” while heading a ceremony to commemorate the 160th anniversary of the Vuelta de Obligado battle in the Buenos Aires area of San Pedro.

Former Brazilian president Fernando Henrique Cardoso recommended President Dilma Rousseff a purge of her cabinet which faces yet another alleged corruption case: the minister of Labour, the fifth since she took office last January.

Greek police clashed with anti-austerity protesters and Italy announced sweeping reforms in response to a European debt crisis that on Thursday pushed borrowing costs for France and Spain sharply higher.

The French auto consortium Peugeot-Citröen agreed with the Argentine government not to remit earnings during two years (2011/2012), approximately 50 million dollars announced Argentine government sources.

New Italian PM Mario Monti's government of technocrats passed its first test, winning a vote of confidence in the senate late Thursday. As expected, the government won the vote in the upper house of parliament easily, by 281 votes to 25.

Colombian President Juan Manuel Santos warned the new FARC rebel chief ‘Timochenko’ to reconsider waging war or risk the same fate as his predecessor, who was shot dead by Special Forces this month.

German Chancellor Angela Merkel reiterated Thursday her opposition to a greater role for the European Central Bank in helping to solve the Euro zone debt crisis, saying political action was required.