OAS Secretary General Cesar Gaviria announced Thursday that Venezuelan government and opposition representatives spoke for the first time about an electoral solution to the country's ongoing political crisis.
The owner of Argentina's largest newspaper was placed under house arrest Friday while investigators look into whether she adopted children taken from prisoners of the 1976-1983 military regime.
Headlines: Peronist primary February 23rd; Lula confirms current policies; Latinamerica's economy contracts; 39 billion US dollars capital flight.
Headlines: Lavagna announces end of recession; Second thoughts about free trade agreement; Sales to Argentina and Brazil drop 38%; Modest 2% growth in Chile
Chilean president Ricardo Lagos admitted his administration has lost control of the Senate following the decision of Senator Nelson Avila to freeze his relation with the ruling coalition. Mr. Lagos is confronted with a growing political crisis since several Congressmen from the ruling coalition face possible conviction for corruption charges and illegal party financing.
After two years of negotiations, Chile and the US have agreed a broad bilateral agreement which has been hailed in Santiago as the finest moment in more than a decade of aggressive pursuit of trade deals.
Elected Brazilian president Luiz Inacio Lula da Silva relieved markets when he officially announced the nomination of Deputy Henrique Meirelles, belonging to outgoing president Fernando Cardoso party and a former extremely successful CEO of Bank Boston, as the country's next president of the Central Bank.
Venezuelan President Hugo Chavez said Friday that his administration has asked for a special meeting of Organization of American States (OAS) foreign minister to denounce what the president labeled another coup attempt. ”My government has requested an extraordinary meeting of OAS foreign ministers to denounce with evidence, videos (and) documents, the running roughshod over the Venezuelan people and another coup attempt,” Chavez said in an impromptu press conference.
Argentina's government said it would default on more than $700 million due to the World Bank on Friday, a second missed payment that cuts the bankrupt country off from any aid from the bank.