Ricardo López Murphy, an orthodox and experienced economist who believes in balanced budgets is Argentina's new Economy Minister. The former Defence Secretary replaces José Machinea who was unable in his fifteen months tenure, to pull Argentina from a two and a half years recession in spite of a massive international 40 billion contingency assistance.
Access to the United States market is vital for Uruguay's recovery, so this country will negotiate bilateral trade agreements with the US and Canada if the Free Trade Association of the Americas, FTAA, initiative does not move ahead.
Beginning this week eleven million head of cattle will be vaccinated in Argentina against foot and mouth disease in an attempt to reinforce measures against any further outbreaks as happened last August.
In an ever increasingly inter twined financial world, particularly concerning emerging markets, the impact of the Turkish crisis that was forced to float its currency and receive support assurances from United States, reached Latinamerican markets, mainly Argentina.
Argentina and Brazil coincided in the need to strengthen Mercosur's negotiation capacity and privilege the contents of the Americas Free Trade Association, AFTA, rather than the timetable for the ambitious United States initiative.