Paraguayan president Federico Franco said on Monday that the only coup, if that is the word, was implemented by Mercosur from the moment they left Paraguay out of the decision to incorporate Venezuela as a full member of the group.
The President of Investe São Paulo -the gateway for companies that intend to settle their operations in the Brazilian state- referred to the ongoing foreign investment boom in the neighbouring country is due in part to the “lack of both legal and economic security that Argentina and its government have.”
Paraguay is prepared to demand Mercosur co-members before the International Court of Justice at The Hague for what it describes as “violation of signed treaties” and sustained “international isolation” following the rejection of an appeal to have sanctions lifted.
The head of the International Olympic Committee Jacques Rogge assured he was “glad” that President Cristina Fernández had called the Argentine athletes to avoid demonstrations over the Falklands/Malvinas Islands sovereignty dispute during the Olympic Games of London 2012.
Venezuelan president Hugo Chavez said he had talked with his peer from Brazil Dilma Rousseff who confirmed the invitation to an extraordinary meeting of Mercosur next July 31 in Rio do Janeiro.
Argentina's economy contracted in May and industrial production slumped further in June, according to government data released on Friday. Economic activity fell 0.5% in May year-on-year, slowing from April's 0.6% growth rate and marking the first contraction in 34 months.
Argentina's nationalized oil and gas company YPF said on Friday it had bought back 79 million dollars in 2028 bonds that it was obliged to repurchase in the case of a state takeover.
An Argentine businessman who was sentenced in Uruguay to home arrest following a car accident in which one person died remains at the location of the crime because his family in Argentina have been unable to purchase the 5.000 US dollars bail needed for his release.
Argentines inflation expectation for the next twelve months climbed in July to 35.7% from 34.9% in June according to the latest report form the Di Tella University Finance research centre (UTDT).
The Argentine government, together with Brazil, India and South Africa questioned the inclination, almost bias, of some trade measures elaborated by the World Trade Organization Director General.