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Stories for October 20th 2010

• Wednesday, October 20th 2010 - 00:52 UTC

  IMF: imperative for Latinamerica to cut growth of public spending

  

  The International Monetary Fund once again warned Latin American nations with fast growing economies of the risk of “overheating” due to strong domestic demand, which would cause “inflation and widening of current account deficits.”

• Wednesday, October 20th 2010 - 00:41 UTC

  Political agreement for a more democratic Mercosur parliament

  

  Mercosur reached a political agreement to review the composition and election of the group’s Parliament, Parlasur. Under the new system to be implemented in several years the number of seats will be increased based on proportional representation and members of Parlasur will be chosen by direct universal vote.