Chilean military dictator Augusto Pinochet legacy lives heavily in a country which has had a spectacular economic performance since the return of democracy, but remains lame in several social and political issues.
Latin America’s cash transfer programs are a more effective weapon against poverty and social inequality than economic growth alone, according to a study by two local economists.
Argentine Defence Minister Agustín Rossi and his Brazilian counterpart Celso Amorim issued a joint statement with cyber-defence taking the centre stage of the bilateral agenda, during the official ceremony at the Libertador building, seat of the Defence ministry in Buenos Aires.
The opposition Social Democrats has gained slightly in the last pre-election opinion poll by German public broadcaster ARD. Their candidate, Peer Steinbrück has raised some eyebrows by raising one of his own digits in a weekly newspaper supplement.
China's economy is going through a “crucial” stage of restructuring, says the country's Premier, Li Keqiang. Speaking at the World Economic Forum in the Chinese port city of Dalian, Mr Li pledged to improve relations with foreign firms.
Spain's public debt reached a record high in June, the country's central bank said. The figure has risen to 942.8bn Euros, equal to 92.2% of the country's entire economic output, the bank said. This is nearly 15% higher than the same period last year and above the Spanish government's target limit of 91.4%, despite severe public spending cuts.
President Jose Mujica said that Uruguay is ‘aligned’ with Brazil in economic policy, and if the government of President Dilma Rousseff decides to devalue its currency, “Uruguay will follow” and as Brazil, “Uruguay is not satisfied with the functioning of Mercosur”.
Mercosur parliament, Parlasur, resumed activities on Monday and the first thing it agreed on was to name a committee to help find a way out to the controversy between Paraguay and Venezuela. Although Venezuela holds the rotating chair of Mercosur, Paraguay refuses to acknowledge even its status as full member of the regional group.
Paraguayan president Horacio Cartes is expected in Buenos Aires on Tuesday, following an invitation from his Argentine peer Cristina Fernandez, which will be his first overseas bilateral trip since taking office 15 August.
Paraguay as full member and in full exercise of that condition does not recognize Venezuela as president or full member of the group, according to a communiqué sent to all of Paraguay’s ministries and overseas representations.