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Latin America

El Salvador
They enlist summit
At least 19 heads of state and of government have confirmed his assistance to XVIII Latin-American Summit to be carried out from Wednesday, the 29th until Friday, the 31st, in search of consensuses in different social aspects. The central topic of the summit will be a: "Youth and development". The president Tony Saca confirmed that the participation of the presidents Luiz Inacio Lula gives Miscellany, of Brazil; Michelle Bachelet, of Chile, and Fernando Lugo, of Paraguay; between others.

Mexico
Leader falls down drug trafficker
The Attorney general's office of Mexico announced on Wednesday, the 22nd the apprehension of Jesus Zambada García, alias "King Zambada", one of the principal leaders of the cartel of the drugs of Sinaloa, during a clash to shots in the Mexican capital. Zambada was detained together with 15 persons more, including some federal police officers in activity.

Colombia
New bishop
The Pope Benedicto XVI nominated an auxiliary bishop of the archdiocese of Bogota monsignor Francisco Antonio Nieto Súa, of the clergy of the same archdiocese, assigning the episcopal titular head office of Teglata di Numidia to him, as he confirmed the Holy See on Wednesday, the 22nd.

Peru
Debt for forests
Peru and the United States announced on Tuesday, the 21st the subscription of an agreement to exchange 25 million dollars of Peruvian debt for works for the protection and conservation of tropical forests in the next seven years in this Andean nation. The minister of the Ambience, Antonio Brack, compromised “to save 54 million hectares of forests of our amazonía".

Argentina
Teachers' strike
Teachers of public and private establishments realized on Tuesday, the 21st a strike in the whole country in solidarity with his companions of the city of Buenos Aires who were hurt in eve when the police prevented from raising a tent opposite to the mayoralty in claim of wage progress.

Panama
They reduce fuels
The government fixed on Wednesday, the 22nd new ceilings in the prices of the fuels with reductions of little more than 20 % in the gasoline and the diesel. The gasoline of 95 octanes or top, that was selling to himself at some expense stations in this capital between 3,61 and 3,74 dollars the gallon, will register a reduction of 82 cents.

Venezuela
It disdains the crisis
The president Hugo Chávez affirmed on Wednesday, the 22nd that the world financial crisis will not have effects in Venezuela if the oil prices support over 55 dollars the barrel. "You should have the safety of which we will keep on growing in the social thing and in the economic thing", said the chief in a speech transmitted to the nation by radio and television.

Ecuador
They accuse Mahuad
The General Prosecutor's Office of the State informed on Wednesday, the 22nd that the ex-president Jamil Mahuad (1998-2000), who at present resides in the United States, was "an author of the crime of peculation" under his government management, for which one it must be judged.



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Government eliminates the private system

Argentina nationalizes pensions

Cristina Fernández, the president of Argentina, he announces the nationalization of the funds deprived of pensions in Buenos Aires, on Tuesday, the 21st.




The president Cristina Fernández signed on Tuesday, the 21st the law project to eliminate the system deprived of pensions and to penetrate to the State the contributions of million workpeople, who reach approximately 30.000 million dollars.
" Today we are deciding on the patrimony of the pensioners of the country", affirmed the proxy during a speech in the head office of the National government of Social security (ANSeS).

" We are adopting this decision in an international context where the principal States... are adopting a protection politics towards banks and us towards the pensioners and workpeople", it added.

The project establishes the creation of a new diet named SIPA (System Previsional Argentino) and finishes the private system initiated in 1994 that is in hands of 10 Administratrices deep of Pensions and Pensions (AFJP).

" We come to give completed the unsuccessful experiment of the diet of capitalization", pointed out the holder of the ANSeS, Amado Boudou.

" The only motivation that has the national government to take forward this measurement is to rescue of the suspense and the social improvidence our future pensioners", it added.

For the global crisis
Although the government makes sure that with the nationalization he thinks about how to protect the aportantes of the fall in the profitability who have suffered the funds deprived of pension by the global financial crisis, the analysts believe that in fact he tries to insure himself the financing of his debt for the next years.

The project of nationalization of the system of pensions comes in moments in which the government realizes enormous efforts to obtain the necessary funds to expire with his obligations in the next three years in the context of a global crisis that makes his access to the credit difficult. The debt expirations for 2009 reach 12.000 million dollars.

The private pensions system is in hands of 10 AFJP controlled by the BBVA Banco Francés - of the Spanish BBVA - the Briton HSBC, the insurance company MetLife Inc and the Dutch financial group ING, in addition to local insurers.

The diet possesses approximately 9,5 million affiliates of whom only 40 per cent realize regular contributions.

 

 

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