President-elect Nestor Kirchner is considering changes to the leadership of the country's armed forces, the man who will be his Cabinet chief said Saturday.
Latin American leaders have closed the annual Rio Group summit in Cuzco, Peru, with the signing of a resolution promoting regional democracy and economic stability.
Breaking with history incoming Argentine president Nestor Kirchner will be taking office Sunday May 25 in Congress and not as traditionally in the country's Government House, Casa Rosada, world known for the balconies from where Juan Domingo and Evita Peron addressed the masses assembled in Plaza de Mayo.
Mercosur delegates received an encouraging sign this week when Chris Patten the European Union Foreign Affairs Commissar admitted that discussions for a trade agreement between EU and the South American block could conclude before the end of 2003.
Prospects for the United States economy remain uncertain even after the end of the Iraq war, and the recovery momentum is still in doubt, indicated the US Federal Reserve president Alan Greenspan addressing a Congressional committee this week.
In spite of strong pressure and after two long days of deliberations, the Monetary Policy Committee of the Brazilian Central Bank, Copom, stood firm and kept the basic interest rate, Selic, unchanged at 26,5%.
Argentine elected president Nestor Kirchner, 53, announced this Tuesday in Rio Gallegos, Santa Cruz, a cabinet of moderates that includes trusted political friends from Patagonia, his sister, independent political allies and a few men loyal to outgoing caretaker president Eduardo Duhalde.
Anne Krueger the International Monetary Fund, IMF, First Deputy Managing Director congratulated Brazilian president Luiz Inácio Lula da Silva for his management of the economy and efforts to reform the tax and social security systems.
Argentine Economy Minister Roberto Lavagna praised the intellectual honesty of International Monetary Fund, IMF, First Deputy Managing Director Anne Krueger, who changed her opinion regarding the evolution of the Argentine economy.
The United States Senate finally approved last Thursday a 350 billion US dollars tax cut presented by the White House in an attempt to pull the US economy out of its anemic condition. However the ten year proposal passed the higher House with a tight 51-49 majority and now faces a conference with the House of Representatives that approved a 550 billion US dollars cut, more in line with the original President Bush proposal of 726 billion.