FTAA timetable in doubt;
Ample support for President Kirchner;
Buenos Aires and Montevideo among the cheapest cities.
Brazilian market analysts believe the country controversially high interest rates could have reached a peak and will begin dropping following this week's meeting of the Central Bank's Monetary Policy Committee, Copom.
Brazil's ruling party president Jose Genoino strongly reacted to allegations from a group of economists who described Luiz Inacio da Silva administration's economic policies as neo-liberal, anathema for any middle of the road Latinamerican politician.
Former Peruvian president Alberto Fujimori, currently exiled in Japan, reiterated he's preparing to return to Peru to conduct the presidential campaign that will take him to office again.
Argentine Foreign Affairs Secretary Rafael Bielsa debut in the United Nations proved an excellent opportunity to have a closer insight of President Nestor Kirchner administration's objectives in foreign policy, particularly the new strategic alliance with Brazil.
Asunción, the capital of Paraguay that currently holds the chair of Mercosur will be hosting a presidential summit this Wednesday to which Venezuelan President Hugo Chavez has also been invited.
Even when prospects for a long term agreement (three years) between Argentina and the International Monetary Fund, IMF, with blessings from the United States government, are encouraging the country still must comply with an agenda of absolutely imperative structural reforms.
The head of the International Monetary Fund will visit Argentina to get acquainted with its new president later this month as a prelude to negotiations over new loans.
IMF Managing Director Horst Koehler will be in Buenos Aires on June 23-24 for meetings with newly installed Argentine President Nestor Kirchner.
Argentine and Brazilian presidents Nestor Kirchner and Luiz Inacio Lula da Silva announced this Wednesday in Brasilia the creation of a Mercosur Parliament and the expansion of regional integration to include the Andean countries, particularly Peru.
Unites States Secretary of State Colin Powell in a brief visit to Buenos Aires (two and a half hours) met Tuesday morning with Argentine President Néstor Kirchner and described the event as an encounter of friends.