In a major speech on Sunday before the iconic Plaza de Mayo celebrating ‘Democracy Day’ and ‘Human Rights Day’ , Argentine President Cristina Fernandez kept pressure on Judges and independent media calling for a “deep democratization of the three branches of government” and a “greater independence from economic power and corporations”.
An Argentine Senator from the ruling coalition warned that judges who upheld an injunction request made by the media group Clarín on Thursday could be impeached.
The presence of President Hugo Chavez at Friday’s Mercosur summit is “uncertain” reported the official Brazilian news agency on Wednesday adding that the organizers are waiting for a confirmation of his trip to Brasilia.
Argentine President Cristina Fernandez criticized international organizations which she described as ‘predators’ and called for the region to create its own mechanisms to settle litigations among South American countries.
The presence this week of Brazilian president Dilma Rousseff next to Cristina Fernandez at Argentina’s Industrial Union, UIA annual conference was considered a major integration success and highlights the growing interaction of the two leading Mercosur partners.
President Cristina Fernández de Kirchner ratified on Wednesday that Argentina will continue to pay all its financial obligations and described as “absolutely unfair” the ruling from Judge Thomas Griesa who favoured the hedge funds to the detriment of 93% of bondholders who joined the 2005 and 2010 debt swaps.
Argentine president Cristina Fernandez announced on Wednesday that wellhead natural gas prices are to rise substantially from current levels, an estimated 44%, with the purpose of attracting more investments and increasing production.
Brazilian Executive special advisor on International Affairs, Marco Aurelio Garcia anticipated that at the coming summit in Lima, the Union of South American Nations, Unasur, would not lift the suspension on Paraguay which will hold until April’s election.
During a ceremony to receive visiting Peruvian leader Ollanta Humala Argentine President Cristina Fernández said that she would make a plea for Unasur members to come together in the fight against ‘vulture funds’ (hedge funds) when the region’s leaders meet this week in Lima.
The Chicago Tribune, one of the leading Midwest US newspapers has been following closely the dispute in New York courts between the Argentine government and investment funds that are demanding full payment of sovereign bonds.