Argentina's super Economy minister Domingo Cavallo has once again shaken financial markets with his latest initiative: changing the current convertibility system of one Argentine peso-one US dollar, by making it extensive to one Euro.
Uruguayan president Jorge Batlle and a numerous delegation of businessmen are currently in Japan promoting trade and investments.
Venezuela has the full backing of Brazil and has been invited to participate in the Mercosur presidential summit of next June in Asunción, Paraguay, when Venezuelan President Hugo Chávez will formally request to become an associate member of Mercosur.
In Toronto the Economy Ministers of the 34 American countries working for the creation of a Free Trade of the Americas association ended their meeting with a release committing themselves to promote social policies and combat poverty, but in Buenos Aires the different groups discussing the mechanics of the future association remain split in two main sides.
Brazilian president Fernando Cardoso postponed his official state visit to Argentina scheduled for next April 16/17th. Although the Brazilian Ministry of Foreign Affairs alleged problems with the presidential agenda, political analysts in the industrial hub of Sao Paulo claim the decision is directly related to the Argentine crisis and its consequences.