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.
A top Uruguayan official said the country has the support of Brazil regarding the controversy triggered when President Nicholas Sarkozy as host and ‘rapporteur’ of the recent G20 summit named Uruguay in the list of the world’s most notorious fiscal havens.
Uruguay’s President, José Mujica said on Monday that Argentina had nothing to do with the comment made by France’s leader Nicolas Sarkozy indicating that Uruguay was a “tax haven.”
French Foreign Affairs Minister, Alain Juppé praised on Thursday the life sentence declared by the Argentine justice system against former navy spy, Alfredo Astiz, for the crimes against humanity, tortures and kidnappings he committed during the last military dictatorship. Juppé said the decision “honours Argentina.”
The Guardian newspaper reported on Tuesday that France and Germany had agreed to boost a euro zone financial rescue fund to two trillion Euros pushing US stocks and the Euro higher despite doubts about whether there was such an agreement.
In a carefully worded statement, Moody's Investor Service hinted that the outlook for France's top-tier credit rating could be at risk. The nation still enjoys very high government financial strength, said the ratings agency in its annual credit report on France, released late Monday.
France and Chile are in the last stages of the transfer of the amphibious assault ship ‘Foudre’ to replace the decommissioned multipurpose ‘Valdivia’ that was extensively used for the transport of troops and military equipment, reported the Chilean navy.
The leaders of Germany and France promised to unveil a new comprehensive package for solving the Euro zone's debt crisis by the end of the month, but offered no details and papered over differences on how to shore up European banks.
Argentine President Cristina Fernández de Kirchner held on Wednesday a 45 summit meeting with her counterpart Nicolas Sarkozy on the third and last day of her official visit to France.
French magistrates formally opened an investigation into IMF chief Christine Lagarde this week for possible misconduct in approving a huge payment to a friend of President Nicolas Sarkozy when she was Finance minister.