The Organization of American States, OAS, member countries and the business sector agreed in Lima, Peru on the need to strengthen and instigate the alliance between the public and private sectors in order to promote democracy, social equality and responsibility, and the fight against crime.
French Prime Minister Francois Fillon said that the weakening Euro was good for Europe. I currently see only good news regarding the euro-dollar exchange rate Fillon said at a press conference in Paris with Canadian Prime Minister Stephen Harper.
Uruguay’s consumer prices rose in May at the slowest pace in six months amid falling costs for entertainment, transport and communication, according to the national statistics institute, INE. However the accumulated of the last twelve months is above target.
President Hugo Chavez announced plans Sunday to take over more private companies in Venezuela and also said his government should review the use of water by trans-national companies like Coca-Cola and Pepsi.
The Group of 20 nations failed over the weekend to agree on a proposal to impose a global tax on banks that was aimed at making the financial industry shoulder the cost of bailouts, settling instead for a common set of guidelines.
A member from the campaign team of Brazilian presidential candidate Dilma Rousseff was forced to resign over the weekend because of an alleged espionage plan to tap information from the main opposition hopeful Jose Serra.
US Secretary of State Hillary Clinton arrived Sunday night in Lima, Peru, for her second trip to the region this year. Ms Clinton will be participating on Monday in the two-day Organization of American States General Assembly hosted by Peru.