Following sixteen months of inflation triggered last January 2002, when the Argentine currency was freely floated mainly against the US dollar, retail prices in Argentina have returned to practically zero or even negative.
Hot line Buenos Aires-Brasilia; Trade surplus in Argentina; Controversy over exchange rate; Democrats warn about US deficit; Record crop in Brazil; We're determined to kill and dismember inflation; We're determined to kill and dismember inflation
Brazilian president Luiz Inacio Lula da Silva proposed this Sunday in his speech before the leaders of the G 8 (the seven richest countries plus Russia) meeting in Envian, France the creation of a global fund to combat hunger and poverty. Suggestions for the funding are taxing world arms trade and reinvesting part of the interests accruing from loans to developing countries.
United States Secretary of State Colin Powell will be meeting Argentine President Nestor Kirchner in Buenos Aires next June 10, following the top US official participation in a regional summit in Santiago de Chile.
Democratic governance as essential for institutional stability will be the main point of the coming Organization of American States General Assembly agenda that is scheduled to take place in Santiago de Chile. Delegations representing 34 countries of the three Americas are expected including US Secretary of State Colin Powell.
President Luiz Inacio Lula da Silva will ask the leaders of the world's richest nations to fund social programs in developing countries, government officials reported last night Friday 30th.
Argentina's new president Nestor Kirchner who shocked the Armed Forces by a drastic overhaul of the high command warned the military on Thursday to steer clear of politics. Speaking at an event to mark the 193rd anniversary of the creation of the country's army, President Kirchner - in his fifth day on the job - said it was not the military's duty to judge the actions of an elected government.
The European Union requested from Mercosur a speedier market opening for a list of European agricultural and industrial goods in the framework of the current trade liberalization discussions. Mercosur and the European Union exchanged this Wednesday in Brussels demands to improve the liberalization lists presented last March.
United States president George Bush signed this Wednesday in a pompous ceremony in the White House the bill that contemplates tax cuts equivalent to 330 billion US dollars in ten years, plus an additional 20 billion to support deficit strapped states.
Brazilian president Luiz Inacio Lula da Silva finally managed a Congressional majority after a center right party decided to join the ruling coalition and so ensure the approval in Congress of crucial reforms in social security and the taxing system.