Honduran president Porfirio Lobo will not attend the LAC-EU summit in Spain later this month, after South American leaders who do not recognize him as his country's legitimate leader threatened to pull out. However, he will attend the EU/Central America meeting, which will be held a day later.
A default by Greece on its debt obligations is not and has never been an option, a spokeswoman for the International Monetary Fund (IMF) said on Thursday. A Greek “default is not on the table, has not been on the table” insisted IMF director of external relations Caroline Atkinson.
European Central Bank president Jean-Claude Trichet faced down pressure for new moves to shore up the weakest Eurozone countries, but kept options open even as he said Spain and Portugal were “not Greece”.
Only days after several UNASUR (Union of South American Nations) representatives said they would not attend the Sixth Latin America, the Caribbean and the European Union Summit if Honduran President Porfirio Lobo was invited, the Spanish Government has decided to exclude him from the meeting, according to sources in the Brazilian Government.
The Spanish government and opposition made on Wednesday an attempt to join forces against the country's economic crisis amid international concern that Spain could be heading for a Greek-style meltdown.
Spain's fishing fleet, Europe's largest, is using massive European Union (EU) subsidies to “plunder” the oceans of the world, environmental group Greenpeace charged this week.
The European Central Bank (ECB) has moved to shore up the €110 billion EU/IMF rescue of Greece by offsetting the impact of the “junk” rating on the country’s debt.
Honduras President Porfirio Lobo confirmed he would be participating of the European Union-Latin America-Caribbean summit scheduled to take place in Madrid next May 18. Lobo said he was officially invited in March and that a couple of weeks ago Spanish Foreign Secretary Miguel Angel Moratinos rang on the phone to tell him “we will be waiting for you”.
The book “Gibraltar y el Foro tripartito de Diálogo” that was recently published by the University of Cádiz, was presented in Gibraltar earlier this week. Gibraltar’s Minister for Culture coordinated the presentation at a press conference in the Mackintosh Hall.
Repsol YPF S.A. (BMAD:REP), Spain’s biggest oil company, is considering the sale of about 40% of its Brazil assets in an initial public offering as early as this year, company executives said Thursday on a conference call.