Huddled in a tiny village in the Canadian Rocky mountains, and with unprecedented security measures, the leaders of the world's seven most industrialized countries (G 7), plus Russia, (G 8) are holding an annual summit aimed at discussing the global economy, African aid and war on terrorism.
Chile formally requested last week the intervention of the World Trade Organization, WTO, regarding discriminatory taxing by Uruguay and Peru, against imported goods.
Former Argentine president Raúl Alfonsín is expected to resign his Senate bench and commit himself fully to grass root politics, according to his closest aides.
Former Argentine president Carlos Menem who ambitions a third mandate leads among Peronist hopefuls according to a poll published this week in the Buenos Aires press.
Chile has extended an official invitation to Spain's King Juan Carlos to tour Chilean Antarctic stations and visit the different scientific research programs.
In an attempt to avert the black Friday of last week, and his presidential chances, Brazil's Socialist candidate Luiz Inacio Lula da Silva promised to honor foreign debt and continue with the current stabilization program if he wins October's presidential election.
Argentina will seek this week in Washington the green light from the International Monetary Fund, IMF, for the rescheduling of its foreign debt maturing in the coming 18 months.
Two days after the International Monetary Fund, IMF, approved a massive support package, Uruguay announced the free flotation of its currency.
Uruguay, locked between its two powerful Mercosur partners, Argentina and Brazil, has been suffering the direct consequences of the regional financial instability, particularly when Argentines fearing a contagion flocked to withdraw deposits from Uruguayan banks.
The Special Committee on Decolonization of the United Nations adopted a draft resolution, presented by Chile, calling on Britain and Argentina to resume negotiations to find a peaceful resolution to the sovereignty dispute over the Falkland Islands/Malvinas. The resolution presented Wednesday morning in New York was sponsored by Chile, Bolivia, Cuba and Venezuela, and specifically supported by Mercosur.
A delegation of Peruvian cabinet ministers and local elected officials from the city of Arequipa reached an agreement suspending the controversial privatization of public utilities that triggered a week of violent protests in the south of Peru.