Brazil’s central bank has denied any planning is underway to create a monetary union with Argentina, after a spokesman for the government in Buenos Aires said on Thursday it was the case.
The presidents of Argentina and Brazil said on Thursday that an agreement is imminent on a free trade agreement between the European Union and Mercosur. Brazil's President Jair Bolsonaro and Argentina's Mauricio Macri expressed confidence that the deal would soon be signed as they met in Buenos Aires for talks.
The conservative presidents of Brazil and Argentina reiterated their rejection of Venezuela's socialist government Thursday as the far-right Brazilian politician Jair Bolsonaro made a state visit to Buenos Aires.
The International Monetary Fund, IMF, admitted on Wednesday that it had underestimated the “incredibly complicated situation” of the Argentine economy and also that taming inflation had taken much longer than originally expected.
Brazil and Argentina have started discussing a reduction in the common external tariff (TEC) of the Mercosur trade block, sources in both governments revealed on Wednesday, as their market-friendly presidents look to boost economic growth.
Uruguay is experiencing, in recent months, a marked drop in investment and the generation of employment. Uruguayan Economy Minister Danilo Astori admitted Wednesday the fall of public accounts, with an annualized fiscal deficit in April that was 4.8% of GDP, and opted to provide greater incentives to investors and entrepreneurs. The Uruguayan press accuses the government of betting on the hope that the results will begin to be felt in the second half of the year, as it was heard a while ago in Argentina under the administration of President Mauricio Macri.
Opponents of Argentina's President Mauricio Macri launched a 24-hour strike on Wednesday to protest the government's inability to reduce inflation that has reached 55% over the past year. The strike paralyzed public transport while all flights to and from the country's airports were canceled. Banks, schools and universities remained closed.
Activists and lawmakers in Argentina relaunched a bid to legalize abortion on Tuesday with a new bill before Congress and a major demonstration planned, resuming a battle that has divided the homeland of Pope Francis ahead of October's general election.
Barely a week after the Alberto Fernández-Cristina Fernández de Kirchner (CFK) ticket for the upcoming presidential elections in Argentina was announced, the unexpected Peronist-Kirchnerist pairing is over ten points ahead of incumbent President Mauricio Macri and whomever he picks as his running mate, according to two polls sponsored by the center-left Página 12 newspaper, it was reported.
The junior partner of the Argentine ruling coalition, the center-left Radical party, UCR, at its national convention, and after much debate finally agreed to remain as a junior member of, Cambiemos(Let's Change), headed by president Mauricio Macri.