Argentine and regional markets reacted favorably after the Argentine Senate approved an austerity package aimed at balancing the budget, stimulating the economy and bringing some relief to foreign investors who fear the country might default on its 130 billion debt.
Mercosur presidents meeting in Lima, Peru, expressed their full support to the Argentine administration of President Fernando De la Rúa and its zero-deficit target.
British Prime Minister Tony Blair arrived this Monday in Brasilia beginning a historic visit to Latinamerica's three most influential countries amid growing concerns that financial turbulence in the area could spill to the rest of the world.
Bolivian president Hugo Banzer seriously ill with cancer and under medical treatment in United States will officially resign next August 6th., the country's independence day.
With twelve heads of state present and the full support of the international community, Alejandro Toledo, the shoe shine boy turned economist and the first native Indian origin Peruvian president, took office Saturday July 28th. in Lima, pledging a full scale war on poverty.
Echoes of allegations that British troops shot Argentine prisoners of war after they had surrendered in the 1982 Falklands Conflict have been heard in the British High Court, which has rejected a defamation action against a Spanish newspaper group, Unidad Editorial SA.
Following the completion of the annual meeting of the Antarctic Treaty nations in St Petersburg, Russia, the head of the Polar regions Section at the British Foreign Office has been discussing the decision to base the Treaty's secretariat in Buenos Aires