Mercosur more than a common market is a “poor customs union” said Uruguayan president Jose Mujica adding that new discussions on the future of the group’s future should be considered but which imply the possibility of establishing new free trade agreements with third parties.
On the first day that the Church is without a Pope, Cardinal Angelo Sodano announced that the first general congregation of cardinals will take place next Monday morning. Cardinal Angelo Sodano, the Dean of the College of Cardinals, made the date public in an official letter sent to the world’s cardinal on Friday March first.
Opposition leader Henrique Capriles accused Venezuela’s government on Friday of repeatedly lying about President Hugo Chavez’s condition, and said the truth will be known within days.
The Brazilian economy grew a mere 0.9% in 2012 despite government stimulus measures, its worst performance in three years, official statistics showed Friday. But prospects for the coming years are considered encouraging given the international events to be hosted by Brazil and the electoral calendar.
Reforming or democratizing the Argentine Justice system and the Supreme Court is forecasted to become the main political battle of this year, according to Rosendo Fraga a low profile Argentine historian and a sharp political analyst.
US President Barack Obama has signed into effect a wave of steep spending cuts which he has warned could damage the US economy. The cuts - known as the sequester and drawn up two years ago will take 85bn dollars from the US federal budget this year.
President Cristina Fernández defended on Friday her debt reduction policies and blasted the so-called vulture funds and multilateral organizations but also admitted Argentina was willing to pay holdouts on the same conditions that those who accepted the 2005 and 2010 debt restructuring.
Argentine president Cristina Fernandez again called on the UK to hold talks over the sovereignty of the Falklands/Malvinas Islands during her address to Congress on Friday when she delivered the ‘State of the Nation’ speech and formally opened the 131st legislative sessions.