Mercosur

Mercosur
Saturday, March 12th 2016 - 06:59 UTC

Brazilian political leaders discuss strategy in the event of a presidential removal

PMDB Senator Tasso Jereissati told reporters after the meeting that the coming together of the two parties was a sign of how serious the political crisis has turned.

After expressing support for former president Lula da Silva, the Brazilian Democratic Movement Party (PMDB) met with main opposition leaders who are demanding President Dilma Rousseff be impeached. President of the Senate and member of the PMDB Renán Calheiros held extensive talks with the strongest opposition force, the Brazilian Social Democratic Party (PSDB), led by Aécio Neves, and agreed a joint strategy to face the crisis.

Friday, March 11th 2016 - 20:06 UTC

Brazil's February inflation down, but central bank calls for structural reforms and budget control

Inflation slowdown came on easing food and transportation costs. Food prices rose 1.06% in February (2.28% in January). Transportation 0.62% versus 1.77%

Brazil’s consumer-price index slowed in February, providing relief for the country’s central bank amid its efforts to curb inflationary pressures. The consumer-price index, IPCA, rose 0.90% in February, compared with an increase of 1.27% in January, the Brazilian Institute of Geography and Statistics, or IBGE, said.

Friday, March 11th 2016 - 20:03 UTC

Rousseff rejects calls for her resignation and confirms Finance minister Barbosa

“No one has the right to ask for the resignation of a legitimately elected president,” Rousseff told reporters

Brazil's President Dilma Rousseff rejected calls for her resignation on Friday midst a political storm deepened by a massive corruption scandal and blamed her opponents for causing a crisis that has damaged the Brazilian economy. She also confirmed her Finance minister Nelson Barbosa.

Friday, March 11th 2016 - 06:16 UTC

Sao Paulo prosecutors insist on an arrest warrant for ex president Lula da Silva

The effort to arrest the former president raised the stakes dramatically in the current crisis and was likely to further polarize protests planned for Sunday

Sao Paulo state prosecutors in Brazil are seeking the arrest of former President Lula da Silva on charges of money laundering and identity fraud for concealing ownership of a beachfront apartment, his foundation said on Thursday. The effort to arrest the former president raised the stakes dramatically in the current crisis and was likely to further polarize protests on Sunday calling for the impeachment of president Dilma Rousseff.

Friday, March 11th 2016 - 05:41 UTC

Falklands' sovereignty statements, “an unnecessary provocation” says Argentine ambassador

“The visit of the lady, a British tourist represents an unnecessary provocation particularly since Argentina wants to negotiate, to dialogue” said ambassador Zuain

The private visit to Paraguay of Falkland Islands lawmaker Phyllis Rendell and her strong statements regarding sovereignty and the future of the Islands had an immediate reaction from the Argentine ambassador in Asunción Eduardo Zuain, who described the statements as an unnecessary provocation.

Friday, March 11th 2016 - 05:22 UTC

Purge in YPF; financial expert chosen as successor of Galuccio

Gutiérrez, formerly head of telecommunications giant Telefónica with 25 years experience in global financial circles, will be proposed at a shareholders meeting

Miguel Ángel Gutiérrez looks is to become the new president of Argentina’s state-controlled energy giant YPF, it was revealed this week after Miguel Galuccio confirmed he will step down as head of the company on April 30.

Friday, March 11th 2016 - 05:18 UTC

Brazil's Odebrecht network of alleged bribery practices investigated in several Latin American countries

“We’re looking to determine whether the cartel maneuvers witnessed in Brazil were replicated here in some form. Odebrecht is one of those implicated” said Rodriguez

Argentina is investigating whether the local unit of Brazil's Odebrecht paid bribes to government officials, an Argentine prosecutor said this week, deepening the regional fallout from the biggest corruption scandal in Brazil’s history.

Thursday, March 3rd 2016 - 05:11 UTC

EU top official expected in Argentina to bolster Mercosur/EU trade negotiations

 Ms Mogherini is expected next Wednesday in Buenos Aires; following a meeting with her peer Susana Malcorra, the EU official will be received by president Macri

Argentine president Mauricio Macri is scheduled to receive in a week's time the European Union head of foreign affairs, Federica Mogherini who is expected to announce that all is ready to begin, next April, formal negotiations for the long-delayed trade and cooperation agreement between Mercosur and the EU.

Monday, February 29th 2016 - 09:31 UTC

Uruguay prepared to lead Mercosur/EU trade negotiations during the whole year

President Vazquez (R) and foreign minister Nin Novoa are expected to lead the Mercosur negotiating team to Brussels next April

Uruguay, now with the support from Argentina, is very much interested in advancing with the cooperation and trade agreement between Mercosur and the European Union, and is planning for president Tabare Vazquez to attend a Brussels meeting with EU officials to emphasize the matter.

Friday, February 26th 2016 - 01:36 UTC

“Falklands people voice must be heard”, says Uruguayan former president visiting the Islands

Former president Luis Alberto Lacalle with MLA Phil Rendell and lawmaker Jaime Trobo at Bleaker Island. (Pic FIGTwitter)

Luis Alberto Lacalle, the Ex-President of Uruguay, is currently in the Falkland Islands on a week-long tour, along with Uruguayan Elected Representative Mario Jaime Trobo. Lacalle served as President from 1990 to 1995 and Trobo is presently a Member of the International Affairs Committee.

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