Politics

Monday, November 15th 2010 - 08:27 UTC
Rousseff’s Brazil expected to restrain public spending and lower interest rates

Brazilian President-elect Dilma Rousseff efforts to restrain public spending will allow the central bank to cut the benchmark interest rate next year, Finance Minister Guido Mantega said.
Monday, November 15th 2010 - 08:25 UTC
Uruguay formalizes relation with Palestine and plans representation in Ramallah

President Jose Mujica confirmed that Uruguay recognizes the Palestinian State and announced the establishment of a representation to begin bilateral relations. The announcement was done during the sixteenth congress of Ferab, Federation of Arab entities in Latinamerica which took place in Montevideo last week.
Monday, November 15th 2010 - 08:19 UTC
EU ministers and Ireland discussing possible (80 billion Euro) bailout

Ireland is in talks with European officials about current “market conditions” as Germany pushes it to accept a bailout and help reverse a bond sell-off across the euro-region’s periphery.
Monday, November 15th 2010 - 08:15 UTC
Sarkozy reshuffles cabinet ahead of 2012 presidential election

French President Nicolas Sarkozy reappointed Francois Fillon as prime minister on Sunday, but named new defense and foreign ministers in a cabinet reshuffle ahead of the 2012 presidential election.
Monday, November 15th 2010 - 08:11 UTC
Business concern in Argentina with inflation trend: “double the official figure”

Argentine businessmen from different sectors showed their concern about the upward trend of the inflation and assured that “the real volume doubles the one reported by the Indec national statistics bureau.”
Friday, November 12th 2010 - 18:01 UTC
Europe ratifies support for Ireland’s budget policy and sovereign debt

Irish Finance minister Brian Lenihan has welcomed a statement of support over Ireland's debts from Germany, Britain, France, Italy and Spain. The five countries attending the G20 summit in South Korea said that bondholders would not be forced to share the pain of the current debt crisis.
Friday, November 12th 2010 - 17:29 UTC
G20 agrees on “indicative guidelines” for imbalances and hopes for the best

Leaders of the Group of 20 (G20) member nations meeting in Korea reached a vague compromise Friday on currency and trade issues, calling for a workable resolution for the next G20 summit in France, slated for November next year.
Friday, November 12th 2010 - 15:43 UTC
Inflation or no inflation: that is the question for the Argentine government

Fissures inside the Argentine cabinet are surfacing and refer to one of the most irritating issues for the administration of President Cristina Fernandez de Kirchner: inflation or no inflation.
Friday, November 12th 2010 - 14:12 UTC
Argentina “is a country cut in two”, cautions Uruguayan president

Uruguayan president Jose Mujica was critical of Argentina’s economic policies and of the recent organization for the funeral of former president Nestor Kirchner. He also admitted it would be “difficult” to reach a definitive agreement with Argentina regarding the long standing UPM-Botnia pulp mill conflict.
Friday, November 12th 2010 - 13:21 UTC
Colombian Senate approves Unasur founding charter

Ecuadorean Foreign Affairs minister Ricardo Patiño hailed the approval by the Colombian Senate of the Union of South American Nations, Unasur, charter which leaves the group one short of its legal constitution. The Uruguayan parliament is expected to follow suit in coming days.