Latin American ambassadors to the United Nations (UN) and Uruguay's Vice-president Danilo Astori showed their support to Argentina in its dispute against holdout hedge funds. They agreed that the so-called 'vulture funds' are a risk to debtor nations and that they pose a threat to the region.
Uruguay's inflation index experienced a slight deceleration during the twelve months to June, from 9.18% in May to 9.08%, basically because of cheaper fresh food, frozen public utility rates including fuel, while a stabilized exchange rate for the US dollar with a strong Peso, helped with imported goods.
In its latest edition The Economist writes about Argentina’s debt stand-off, and states this “reflects a teenage attitude that rules are there to be broken”.
Uruguay has presented the candidacy of its current Foreign minister Luis Almagro to succeed Jose Miguel Insulza as head of the Organization of American States, OAS Secretary General, it was reported on Tuesday from Montevideo.
Mercosur leaders called for dialogue with the Pacific Alliance over its perception that Mercosur is becoming an obstacle to integration and wider growth in the region. Uruguayan Vice-President Danilo Astori seemingly sparked the debate a few weeks ago when he said that “Mercosur mustn’t be a terminal station,” calling for formal trade deals with the Pacific Alliance.
During the 2013/14 season, 237 cruise vessels called in Uruguay's two main ports, Montevideo and Punta del Este, with 409.367 visitors, a 6,3% increase in calls over the previous season, according to a report released by the country's presidential web-site.
Uruguay promulgated the bill which incorporates Bolivia as the latest member of Mercosur, the South American group made up of Argentina, Brazil, Paraguay, Uruguay and Venezuela. The incorporation of Bolivia should help with the consolidation of a Mercosur Atlantic-Pacific corridor across South America.
FIFA leaders are a bunch of old sons of bitches and could have imposed sanctions but certainly not fascist sanctions complained Uruguay's president Jose Mujica referring to the suspension suffered by Uruguay's scorer Luis Alberto Suárez who was banned for nine matches and with four months of complete football inactivity.
Uruguay coach Oscar Tabarez has resigned his post in the FIFA strategic commission over the federation’s decision to ban Luis Suarez from the World Cup after the forward bit Italy’s defender Giorgio Chiellini during a group stage match.
Uruguay's president Jose Mujica blasted FIFA's Thursday decision to fine and suspend the country's main scorer Luis Suarez from any football activity for four months arguing the association that rules world football measures things with different rods, and since Uruguay “is a small country, it's cheap for them”.