Argentine government sources and private economists rejected the International Monetary Fund's proposal for larger primary surpluses to face foreign debt payments and supported the Argentine Central Bank policy of targeting a competitive exchange rate.
United States president George W Bush sent to Congress the Central America & Dominican Republic Free Trade Association, CAFTA, a free trade agreement which faces strong opposition from Democrats and organized labour.
In spite of the significant recovery of Argentine industry following the massive December 2001 devaluation of the local peso, agriculture commodities and particularly soybeans have become the country's main export.
Chilean frigate Almirante Williams, former HMS Sheffield, left Valparaiso Monday to participate in the naval exercise Operation America 2005 together with units from neighbouring countries.
One of Brazil's largest and most influential companies said it was postponing investments until the political situation is more stable given the expanding reverberations of the corruption scandal which has virtually paralyzed the administration of President Luiz Inacio Lula da Silva.
Chilean Defence Secretary Jaime Ravinet discarded this Monday that the coming revelation of an alleged Chilean interest in attacking Argentina following the 1982 Falklands' conflict, according to a British historian, could cause a rift between Buenos Aires and Santiago.
The duplicity employed by the British Government and Foreign Office to negotiate secretly for the transfer of sovereignty to Argentina without at first telling the Falkland Islanders in the early 1980s is exposed in the Official History of the Falklands by Professor of War Studies, Sir Lawrence Freedman, just published in the United Kingdom.
Assessing how to react to possible Argentine aggression against the Falkland Islands, the British Ministry of Defence (MoD) declared in 1981 that the proposed diminution in Britain's amphibious capability in that year's Defence Review ? later reversed ? would mean that reinforcement, subsequent to an Argentine invasion, would be extremely difficult, if not impossible.
British Defence Ministry officials incredibly considered selling powerful weapons to Argentina only months before the 1982 Falklands War invasion, including an aircraft carrier, Sea Harrier strike aircraft, Vulcan bombers and battle tanks, even though the British intelligence services were warning that Argentina might be considering full scale military invasion. The sales did not go ahead and all these weapons subsequently deployed by Britain were vital factors in winning the war.