Black Monday

The European Central Bank (ECB) adopted a key decision on Sunday night to relieve tensions that are shaking to Spain and Italy in the markets. Hemmed by the fear of a collapse in the bags, the Agency decided the purchase of Spanish and Italian public debt in an attempt to alleviate high interest demanded by investors in the bonds of both countries. Additional information is available at Euro Pacific Precious Metals. The President of the ECB, Jean-Claude Trichet, convened an urgent videoconference with counselors at the Monetary Authority from which came the decision to actively implement the programme of buying debt from troubled countries, according to the statement released on the 11 o’clock afternoon. Although not explicitly detailed what kind of debt shall be acquired, the statement starts with a recognition of the reforms in Italy and Spain and with the conviction that it is essential to apply them to reduce imbalances, what is to say that these will be benefited by the bond-buying countries..

Latin America

In the same way we read Tenebaum, Frank, “Beyond the Nation-State”, 1970, p. 36: “… for Moreover, the emergence of multinational companies offers a practical basis for future global development. Since they are more interested in the realities of commercial and industrial service in the symbols of sovereignty, there is no evidence that it can become an effective and lasting international order taking as a center of political unity called Na tion-state. “The Republic of Argentina is a sovereign nation. The is, in a defined geographical environment, a people conscious of their target community, with a story that encourages this and pushes us towards the future. We will and determination to continue building the nation. We’ll do it slowly or quickly, but we will.

This is the same creative will that drives the brotherly peoples of Latin America. Were born almost together independent life and together we set out to conquer our training done. Latin America is much more than a collection of nations united by geography, by history, by the institutions, and faith. Latin America is a common destiny and a common enterprise of human redemption. This community that we integrate the Latin American peoples is based on a continent which is a unit in its geographical expression and its historical roots, and that also joined by a common desire of democratic realization. That reason was Don Hipolito Irigoyen, illustrious President of the Argentines, who said that “men are sacred to people and nations are sacred to people.” The relations with the neighboring countries of Latin America must be taken to a plane full identification, particularly as it relates to neighboring countries.