The free market Carnival of Latin America and the Caribbean

LatinAmerLatin Free Markets Rule as Pacific Ocean Nations Beat Atlantic

ARGENTINA
Argentina Leaves Singer for Last in Preparing Bond Market Return

After a 20-hour meeting with officials from the Paris-based group of creditor nations, which kept President Cristina Fernandez de Kirchner awake until 2 a.m., Argentina said yesterday that it agreed to pay $9.7 billion over five years to settle claims stretching back to the government’s record $95 billion default in 2001. South America’s second-biggest economy hasn’t issued bonds in international markets since it stopped payments.

Solving the remaining dispute with holdout creditors including billionaire Paul Singer’s Elliott Management Corp. is becoming more urgent with foreign-exchange reserves stuck near an eight-year low. Argentina needs the money to fund investment, defend its currency and make payments on restructured bonds, while any proceeds from a U.S. bond sale could be seized by creditors backed by court orders saying they’re owed billions.

BRAZIL
Video (starts right away): Staying safe at the World Cup in Brazil
Health and safety fears are growing as foreign fans prepare to travel to Brazil with worries of crime, disease, policing and fake medicines

Brazil’s World Cup Is An Expensive, Exploitative Nightmare
Brazilians angry at their government and FIFA could turn this giant soccer tournament into a tipping point. Are these corrupt, elitist spectacles worth it?

Nao Vai Ter Copa has become a national rallying cry. There Will Be No World Cup.

CHILE
Will Chile’s politicians ruin the Latin tiger?
The free-market revolution in Chile is remarkable. If you look at the Economic Freedom of the World rankings, Chile was in last place in 1970. Now it’s around 10th. It would be tragic if Leftists ruined it

COLOMBIA
García Márquez’s Blind Spot

CUBA
Two Generations Lost to Communism

The Castros in Their Labyrinth

ECUADOR
No Messiah Please, We’re Ecuadorian

Beware of pickpockets: Tory MP is robbed on first day of mountaineering jaunt to Ecuador – after ignoring Foreign Office advice

MEXICO
Marine jailed in Mexico recounts harrowing attempt to escape from prison

Oil-Tinged Graft Scandal Roils Mexico
Ex-chief of oil-services firm with close ties to the PAN political party is arrested and charged with allegedly defrauding a Citigroup unit

PANAMA
Commercial shipping lanes changed in Panama to save humpback whales

PARAGUAY
World’s Happiest Country? Would You Believe Paraguay?

PERU
Spanish company to upgrade Peru refinery in $3.5 bn deal

PUERTO RICO
In Puerto Rico, Cocaine Gains Access to U.S

VENEZUELA
Tick-tock, on Relojes del Chavismo

The week’s posts and podcast:
Ecuador’s looking for a few good extras

Colombia: Zuluaga change of heart?

Mexico: PRD lobbying Washington

Venezuela: US to sanction chavistas

Cuba: Why is the US Chamber of Commerce chief visiting?

Brazil: World Cup blues UPDATED

En español: Terapia intensiva #209

Venezuela: 9.8% in extreme poverty

Venezuela: Wives of jailed mayors win

At Da Tech Guy Blog:
Venezuela: Bi-partisan US Congress approves sanctions bill

Colombia: What the FARC really want

Podcast:
Elections in Colombia PLUS other US-Latin America stories of the week

Tags: , ,

Comments are closed.