The state, not banks, are to fund higher education scholarships through the creation of a new specialized government agency, Chile’s Education minister, Harald Beyer, announced in a press conference at La Moneda on Monday.
Colombia is available to mediate between Spain and Argentina to find a solution to the dispute over the seizure of YPF from Repsol, said Colombian Vice-president Angelino Garzón.
Spain’s main oil corporation Repsol warned it could take legal action against companies that invest in YPF after Argentina seized control of the Spanish company's energy unit last week.
A member of the European Union assured it is not possible to negotiate an agreement between the EU and Mercosur without Argentina, as the Spanish Government planned after the country’s decision to expropriate YPF.
A healthy-sounding President Hugo Chávez called Venezuelan state television from Cuba on Monday to dispel rumours fanned by a nine-day silence that he had died undergoing cancer treatment at a hospital in Havana.
The Standing Committee from the Latin American parliament, Parlatino, approved a resolution in support of the Argentine government decision to seize a majority stake in YPF from Spain’s Repsol, according to a release made public over the weekend.
Peruvian President Ollanta Humala said on Friday that US-based Newmont Mining should carry out a more ambitious environmental mitigation plan if it hopes to build its 4.8 billion dollars Conga gold mine project.
Brazilian Finance minister Guido Mantega said on Friday that IMF Managing Director Christine Lagarde makes a mistake in recommending emerging countries not to intervene in the money exchange markets to counter the strong devaluation of currencies from the rich countries.
The government of President Cristina Fernandez is “not concerned” about the escalade of international criticism following the announced nationalization of the oil company YPF, and rules “thinking in Argentina not in Spain or the US”, said two cabinet members.
Colombian president Juan Manuel Santos welcomed Spanish corporations and guaranteed his visiting Spanish peer Mariano Rajoy that in Colombia there will be no surprises because the country follows the rules of the game: “President Rajoy: here we don’t expropriate”.