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Saturday, November 21, 2009
News Making Money

Zelaya threatens to break agreement with Micheletti

02/11/2009 11:12 (19 Day 04:23 minutes ago)

The FINANCIAL -- According to RIA Novosti, ousted Honduran President Manuel Zelaya said he will refuse support to the country's reconciliation government if he is not be reinstated ahead of national elections next month, the EFE news agency reported on November 2.

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The reconciliation government was agreed to be established during Friday's meeting between representatives of Zeleya and the country's de facto leader, Roberto Micheletti.

 

"The reconciliation government can only be established if we reach an agreement," Zelaya told EFE in a telephone interview.

 

"No agreement - no reconciliation government," he added.

 

According to the deal, the Supreme Court is to decide whether the ousted leader will be reinstated ahead of national elections next month. The issue has been the sticking point between the two sides.

 

Micheletti says the agreement contains no guarantee that Zelaya will return to power.

 

Many countries and international bodies had warned they would not recognize the results if the Honduran elections were held under the Micheletti presidency.

 

Micheletti has argued that Zelaya's removal was a constitutional transfer of power and not a coup.

 

Zelaya was bundled out of Honduras on June 28 by the military, acting on instructions from the Supreme Court and parliament, over efforts to seek an unconstitutional second presidential term. He was flown to Costa Rica, and his place was taken by Micheletti, the parliamentary speaker.

 

The ousted president secretly returned to the country on September 21 and took refuge in the Brazilian Embassy.

 

 

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Politics
Ruling Party Firm on 30% Threshold for Mayoral Election

21/11/2009 13:54 (01:41 minutes ago)

The FINANCIAL -- According to Civil Georgia, the ruling party has already compromised on number of key electoral issues, including on rule of electing Tbilisi mayor and now expects the Alliance for Georgia to reciprocate and agree on 30% threshold for electing the capital city’s mayor, a senior ruling party lawmaker said on November 20.

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Markets
NASDAQ OMX Launches New Fixed Income Index

21/11/2009 10:40 (04:55 minutes ago)

The FINANCIAL -- NASDAQ OMX Stockholm announces that it has launched a new fixed income index named OMRX All Index, which will act as a benchmark for the Swedish bond and money markets.







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