The Economist recently published an extremely laudatory article on the performance of the Uruguayan economy in the last fifteen years, much of which can be supported but even more needs to be rectified, quite a surprise coming from a publication known for its research rigor. The piece was titled “Uruguay’s record-setting economic growth streak; How a small country outperforms its neighbors” and was published in the March 28th edition.
Brazil's leftist icon Luiz Inacio Lula da Silva turned himself in Saturday to start a 12-year sentence for corruption after a chaotic attempt by supporters to stop him from surrendering. Surrounded by bodyguards, Lula had to push through a seething throng of supporters to get into a police vehicle outside the metalworkers' union building in Sao Bernardo do Campo, where he had been holed up for two days and nights.
The 20th Air and Space Fair (Fidae), the most important aviation event in Latin America, kicked off in Chile on Tuesday with a participation of more than 50 exhibitors and about 120 civil and military aircraft. FIDAE, a biennial international air show held in Santiago, Chile, is the largest aerospace and defense fair in Latin America. More than 120,000 attendees are expected to attend during the six days display.
Former Brazilian president Luiz Inácio Lula da Silva told Folha de Sao Paulo early Friday that he has decided not to turn himself at the Federal Police in Curitiba where he must serve a 12-year prison sentence for corruption, as ordered by judge Sergio Moro.
Argentine foreign minister Jorge Faurie met on Tuesday in Paris with his French peer Jean-Yves Le Drian to address current political and economic bilateral relations, as well as the latest advances in the Mercosur/European Union negotiations.
An Argentine judge has charged ex president Cristina Fernandez de Kirchner former planning minister in a case involving Brazilian company Odebrecht. Argentina's official Judicial Information Center says that Julio De Vido was charged Tuesday with carrying out incompatible deals while in public office.
European officials said this week that significant obstacles remain to a long-delayed trade deal between the European Union and Mercosur, even as South American officials expressed optimism a deal would be finalized soon.
It has been a long standing consensus-secret in the Uruguayan political system that when you are elected or have been nominated to a political post, you must not forget the family or friends particularly if they are in distress. This means in practical terms that the generous Uruguayan state will incorporate you to the burgeoning bureaucracy be it at national or regional level.
Swiss Economic Affairs Minister Johann Schneider-Ammann wants to speed up a free trade agreement between Switzerland and Mercosur, but there is concern in the agricultural sector, according to the country's media.
European farm lobbies Copa and Cogeca sent a letter to EU Commission President Jean-Claude Juncker opposing the EU move to give further concessions on agriculture in return for gains in other economic sectors to Mercosur.