The Economist Intelligence Unit anticipates a 2015 scenario in which Tabaré Vazquez from the ruling coalition will most probably be president, but in a situation quite different from that of his first mandate (2005/2010) if he insists in implementing orthodox economics.
The recent visit to Chile and particularly Uruguay of Foreign Office minister for Latin-American Hugo Swire has triggered a barrage of comments and debate in Argentina about the Falklands/Malvinas, particularly aggressive towards the FCO official, but not surprising.
US regulator has sued 16 banks for allegedly manipulating the London interbank offered rate (Libor).The Libor rate is used to set trillions of dollars of financial contracts, including mortgages and financial transactions around the world.
President Jose Mujica said that Mercosur even with all its problems has been a good deal although it could have been better, and it is imperative that the group signs trade agreements with Europe and China, which has become the main trade partner of the region.
Venezuela's Congress on Tuesday requested a criminal investigation of opposition deputy Maria Corina Machado for crimes including treason in relation to her involvement in anti-government protests that have left at least 28 dead.
The US National Security Agency has created a surveillance system that is recording all the phone calls in an undisclosed foreign country, allowing it to play back any conversation up to 30 days later, the Washington Post reported on Tuesday.