Mercosur was not created to become a fortress of 'hyper-protectionism'

Sanguinetti said that Mercosur can't be locked by tariffs for Brazilian manufacturing or Argentina's ports' hegemonic policies Sanguinetti said that Mercosur can't be locked by tariffs for Brazilian manufacturing or Argentina's ports' hegemonic policies

Former Uruguayan president Julio Maria Sanguinetti and founder of the Montevideo Circle Foundation said Mercosur was not created to become a fortress of hyper protectionism but rather to promote competition and integration with flexibility. Sanguinetti participated in a round of conferences of the Montevideo Circle Foundation in Paraguay.

China/Argentina swap disagreement to be addressed by courts in London and Paris

Xi and Cristina celebrate, but any differences on the swap will not be decided by Argentine or Chinese courts Xi and Cristina celebrate, but any differences on the swap will not be decided by Argentine or Chinese courts

Argentina's current confrontation in New York with Judge Thomas Griesa and the holdout speculative funds brings up the issue of having resigned the sovereignty of Argentine courts at the time of negotiating or restructuring foreign debt.

Venezuela admits its ever growing dependency from China

“Venezuela has become one of the places most committed to investments from China and the seventh supplier of oil” said Xi“Venezuela has become one of the places most committed to investments from China and the seventh supplier of oil” said Xi

Venezuela confirmed Monday that its relations with China have become a fundamental pillar for making progress in almost all sectors of its economy. With a new portfolio of accords and almost 5.7 billion in loans, Beijing will provide support in many key areas.

Ten hectic days await Argentina, and a possible second default in 12 years

Cristina Fernandez refuses to dialogue with holdouts Cristina Fernandez refuses to dialogue with holdouts

Ten hectic days ahead for Argentina since come 30 July and no agreement has been reached at the New York court of Federal Judge Thomas Griesa, (full payment plus accrued interests to holdout speculative funds) the country would be forced to a second default in twelve years with all the political consequences for Cristina Fernandez and Mercosur.

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