Havana, Cuba.
- A sweeping glance at the international events of the last
days of the year does not show much new. I only found the reiterated
attacks in Iraq and Afghanistan, the havoc of climate change
and the lethal effects of a crisis with very conservative forecasts
for 2010.
Reportedly, in Argentina different sectors of the opposition
are preparing to launch an offensive. They want to ban the use
of Central Bank reserves to settle overdue public debts, a decision
made by the Executive, pursuant to a decree signed by President
Cristina Fernandez.
The so-called Bicentennial Fund was created with $ 6 569 millions
from the Central Bank, in order to settle debts with private
creditors and international organizations. Different sectors
of the opposition reject it. Emboldened by the new balance of
forces in Parliament, they decided to close ranks lines in order
to avert the initiative.
According to The Wall Street Journal, the last attempt of the
Argentinean government to attract investors with a concrete
commitment to honor the debt payments due in 2010 has become
a sort of legal headache.
The government has to deal with the increasing demands of the
opposition to have the new fund authorized by the Congress,
on the grounds of the strict rules of the Central Bank to transfer
reserves.
In Brazil, meanwhile, it has been announced that the economy
is likely to grow up to 5, 8% in 2010, after ending 2009 with
a 0 growth. The last projections were reportedly based on an
improved international scenario and a continued and sound recovery
of the local economy.
On the other hand, in the United States, the weakened economy
wobbly stumbles into a new year for which crisis forecasts keep
growing.
In the meantime, the growing unemployment will deprive millions
of citizens of the largest economy in the world from having
a happy New Year.
Well, these are just news of these days that will keep unfolding
before the end of 2009 and of course during the whole 2010.
Translated by: Pedro
A. Fanego
( 03.12.2009 10:13 AM ) |
