The United Kingdom cannot offer an ever-increasing degree of autonomy which would prevent it from meeting its obligations and from protecting its liabilities and responsibilities, was the clear message spelt out by Foreign Secretary Jack Straw, when he addressed Overseas Territories' leaders at the Overseas Territories Consultative Council, OTCC last week in London.
European Union Trade Commissar Pascal Lamy addressing the G-20 in Brasilia said that negotiations to make protectionism more flexible had begun and underlined the need to differentiate the EU position from the United States less flexible stand.
Brazilian president Luiz Inacio Lula da Silva finally achieved a crucial piece of his administration's program when last week the Senate approved 51-24 a sweeping reform of the deficit ridden pension system.
A majority of Argentine Congress members are considering the repeal of a labour reform bill following revelations from a former Senate official that several Senators had been bribed in 2000 to have the bill approved.
Peru is scheduled to become the third associate member of Mercosur during the block's presidential summit in Montevideo this week after having successfully concluded negotiations according to Uruguayan diplomatic sources.