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Monday Memo: Argentine debt – Putin in Latin America – Italy investigates Plan Cóndor – Earthquake – Trapped Honduran Miners

This week’s likely top stories: Argentine negotiates with holdout creditors; Russia’s Vladimir Putin will visit Cuba, Argentina and Brazil; Italy investigates dictatorship-era murders; an earthquake hits Mexico and Guatemala; and Honduran authorities search for eight missing miners.

Argentina begins debt negotiations: Argentina will begin negotiating a settlement today with its holdout creditors, who are owed some $1.5 billion, according to a U.S. federal court decision that was upheld by the U.S. Supreme Court in June. Argentine Minister of the Economy Axel Kicillof leads an Argentine delegation to New York today, and will meet with Daniel A. Pollack, a mediator designated by U.S. judge Thomas Griesa to help reach an agreement. Argentina has until the end of July to make its first interest payment, or else face default for the second time in 13 years.

Putin tours Latin America: Russian President Vladimir Putin will begin a six-day tour of Latin America on July 11 with a visit to Cuba to meet with Fidel and Raúl Castro, followed by stops in Argentina to meet with Cristina Fernández de Kirchner and Brazil to meet with Dilma Rousseff. On Friday, Russia’s parliament voted to write off 90 percent of Cuba’s $35 million debt, and instead aim to use the money for investment projects in Cuba. Putin, along with heads of state from India, China, South Africa and Brazil, will then meet for a summit of the BRICS countries starting on July 13, just after the final match of the 2014 FIFA World Cup in Rio de Janeiro. The same day, Brazilian President Dilma Rousseff is expected to pass responsibilities for the World Cup to Putin in an official handover ceremony, since Russia will be hosting the international tournament in 2018.

Italy investigates Plan Cóndor murders and disappearances: Italian judge Alessandro Arturi began the first stage of an investigation into the murder and disappearance of 23 Italian citizens during “Plan Cóndor,” an operation carried out by South American dictatorships in the 1970s and 1980s to repress and murder political opponents to the regimes. On Monday, Arturi accepted a list of the accused, which includes 33 former members of the military and security forces in Uruguay, Chile, Bolivia and Peru. Italian prosecutor Giancarlo Capaldo is reportedly conducting a similar investigation of the military governments of Argentina, Brazil and Paraguay. The preliminary hearings are expected to take place this fall, and Arturi will decide on October 6 if the evidence presented by human rights groups and families of the disappeared will allow the case to progress to a criminal trial in 2015.

Earthquake hits Mexico and Guatemala: At least 2 people in Guatemala have died in a 6.9-magnitude earthquake that struck southern Mexico and Guatemala on Monday morning. The quake set off landslides and caused widespread damage to homes and power lines. The quake’s epicenter was Puerto Madero, a Mexican city near the Guatemala border, but the two deaths were reported in San Marcos, Guatemala, where at least two residents were killed when the walls of their homes collapsed.

Search for trapped miners continues in Honduras: Eight miners remain trapped in an informal gold mine near El Corpus, a small town in the southern department of Cholutecas in Honduras. The mine is in an area where landslides and earthquakes are common, and El Corpus mayor Luis Andres Rueda said there were more than 50 informal mines in the area. The mine collapsed last Wednesday, and the authorities saved three miners two days after the collapse when the miners yelled for help. If the remaining miners are not found near the site where the other three miners were rescued, the search may be called off.

Any opinions expressed in this piece do not necessarily reflect those of Americas Quarterly or its publishers.
Tags: Vladimir Putin, Argentine debt, Human Rights

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