Argentina supported by Brazil has proposed increasing Mercosur Foreign External Tariff to better defend the group when country members are being flooded with cheap imports.
Venezuelan President Hugo Chávez said he will travel on Tuesday to the Mercosur summit in Uruguay in his first official foreign trip since undergoing cancer surgery in June and a further sign he is feeling stronger.
President Barack Obama has accused the government of Venezuela of threatening basic democratic values ahead of elections next year. He added that close relations with Iran and Cuba did not serve the interests of the Venezuelan people.
A two day Mercosur summit begins Monday in Montevideo with Foreign Affairs ministers meeting Monday and the presidents on Tuesday when the rotating chair will be passed from Uruguay to Argentina for the next six month.
The Uruguayan central bank “Monetary Policy Committee” will attempt to balance ‘concern’ over inflation with the increasing international uncertainty when it meets next 29 December, said the bank’s president Mario Bergara.
Uruguay is the best place to live in Latin America according to the Legatum Institute fourth year index on quality of life conditions which ranks 110 countries world wide representing 90% of world population and 97% of the global economy.
Uruguay celebrated Monday October 10 the bicentennial of its emancipation process with a great colourful, open party that attracted over 300.000 people to the streets and stages in the capital Montevideo.
Latin American countries will be meeting in Uruguay in two weeks time to define a common stance on the international crisis for the coming G20 summit that will be taking place early November in France.
Montevideo figures in position 65 in the world ranking of most liveable cities elaborated by The Economist Intelligence Unit, (EIU) and which was released this week. Only Buenos Aires and Santiago figure ahead of the Uruguayan capital in positions 62 and 63 as the most liveable cities in South America.
The approval of Uruguayan president Jose Mujica in Montevideo continues to slide and has plummeted eight points between February and May according to a Mori public opinion poll released this week.