Brazilian president Dilma Rousseff criticized in Paris policies that are limited to austerity when facing crises because they are not effective in economic terms and only generate ‘more recession and unemployment”.
Moody's Ratings agency announced it has downgraded the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) from Aaa to Aa1, with negative outlook on each.
German Chancellor Angela Merkel demanded stronger central powers for the European Union's executive to veto national budgets that breach EU rules, risking a clash with close ally France at a summit of the bloc's leaders.
French and German leaders have stressed they will remain committed in tackling European issues on the 50th anniversary of a post-WWII reconciliation speech. Chancellor Angela Merkel and President Francois Hollande made the pledge in the German city of Ludwigsburg.
Brazilian finance minister Guido Mantega said that resolving Europe’s economic problems are likely to drag out over coming years due to a complex and slow process of decision-making in the region and recommended emerging economies to promote domestic consumption and trade among them.
Four certified charts of the Falklands/Malvinas Islands dating back to the XVIII century and belonging to the Pedro de Angelis collection of Brasilia’s National Library were given by the Brazilian Foreign ministry to the argentine delegation currently holding a bilateral meeting in the country’s capital.
Paraguayan ambassador Emilio Gimenez Franco presented last July 11 his credential letters to French president Francois Hollande, making him the country’s representative before Paris.
German Finance Minister Wolfgang Schaeuble and his counterpart from Madrid said Spain’s borrowing costs don’t reflect the strength of its economy as they pledged to work toward deeper integration to fight the debt crisis.
President Francois Hollande marked Bastille Day (July 14) celebrations with a pledge to fight industrial layoffs and clean up French politics, after watching troops parade down the Champs Elysees as jets streamed the national colours overhead.
President Francois Hollande and British Prime Minister David Cameron tried Tuesday to shake off a rocky start to their relationship despite lingering differences over the Euro zone crisis.