The Uruguayan government said that it accepted the incorporation of Venezuela as full member of Mercosur as part of a “negotiation” in which it demanded no economic sanctions on Paraguay and that is why “the last word has not been said” on the issue.
The leading member from Brazil’s main opposition political party described Uruguay’s claim that consensus was absent in the Mercosur decision to suspend Paraguay and to incorporate Venezuela as “extremely serious” and complained Mercosur has become a merely “ideological” grouping.
Brazilian president Dilma Rousseff has unveiled a 115-billion-Reais (55 billion dollars) loan program aimed at reinforcing agriculture's role as a lever of Brazilian economic growth.
US rating agency Moody's had downgraded the ratings of 11 Brazilian banks by one to three notches, almost all of them to the level of Brazil's sovereign credit rating.
President Cristina Fernández assured on Friday night that “Argentina does not condone the coup in Paraguay” and anticipated that “appropriate measures” will be taken at next week’s Mercosur Summit, scheduled to take place in Mendoza.
Brazil and China will sign an agreement in the coming weeks to swap as much as 30 billion in their two currencies, Brazil Finance Minister Guido Mantega said.
President Dilma Rousseff still has trouble chewing, after her jaw was dislocated during three years of torture and imprisonment under Brazil's former military leadership, it was revealed this week.
Brazil and Argentina agreed on Monday “to oppose any financial adjustment plan” and sponsor development and growth policies to face the world crisis, in the framework of the two-day G20 summit taking place in Mexico.
Chinese Premier Wen Jiabao is to attend the upcoming UN Conference on Sustainable Development (Rio+20) in Rio De Janeiro, and pay official visits to Brazil, Uruguay, Argentina and Chile from June 20 to 26, it was announced in Beijing the Foreign Ministry
The United Nations conference on Sustainable Development opened in Brazil on Wednesday, launching a new round of debate on the future of the planet, its resources and people, 20 years after the first Earth Summit.