The coordinators of Mercosur founding members will decide next 23 August at a meeting in Montevideo on the legal measures to be applied on Venezuela, which self proclaimed itself the presidency of the group and is also questioned for not complying with the rules and regulations to be incorporated to the group. In that case Venezuela could lose its full member status.
Brazil, Argentina and Paraguay are waiting to see what happens on Friday, 12 August, when Venezuela has to prove that it has complied with all the pending requirements to confirm its Mercosur full membership condition dating back to 2012.
Venezuela is not helping much to resolve the unprecedented situation of Mercosur, said Uruguay's foreign minister Rodolfo Nin Novoa in reference to Venezuela's self proclaimed presidency of the group and which is rejected point blank by Brazil, Argentina and Paraguay who consider the post vacant.
Brazil, Paraguay and Argentina are waiting for a report on Venezuela´s compliance with the accords agreed in 2012, which has to delivered next Friday 12 August, and could lead the group of three counties deciding the suspension of Caracas as full member of Mercosur. A week and a half later, 23 August, representatives of these countries will be meeting to address the issue.
Paraguay, Argentina and Brazil are considering the “demotion” of Venezuela's Mercosur full membership unless by next August 12 it complies with all conditions to hold such a position, according to the Brazilian media following a meeting of the three presidents in the sidelines of the opening of the Rio Olympic Games.
Venezuela announced it will not allow Argentina, Brazil and Paraguay, “the triple alliance” to storm the Mercosur pro tempore presidency, which the government of president Nicolas Maduro is fully exercising. Caracas also claimed that economic forces operating in the dark are interested in a Mercosur “implosion”.
Venezuela’s grim situation is impacting not only millions of households around the country: it is also sending panic waves across the Caribbean all the way to Cuba, a solid ally that for decades now has relied heavily on Chavismo’s generosity.
Mercosur founding members coordinators who met in Montevideo on Thursday to address the controversy over the presidency of the group and the self proclamation to the post by Venezuela, did finally reach some conclusions, but the most significant seems to be that they continue to disagree on the steps to follow and are prepared for another round of talks.
Venezuela has defiantly confirmed that is will fully exercise the self-proclaimed presidency of Mercosur, despite the opposition from Argentina, Brazil and Paraguay, who consider the chair vacant and are meeting in Montevideo to find an alternative for the six month mandate.
Mercosur's disarray and fault lines were again exposed when Brazil, Argentina and Paraguay insisted that Venezuela's self proclamation as president of the group was invalid, and also expressed disappointment with Uruguay for having ended its mandate last Saturday causing great uncertainty.