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Uruguay advised to lower Mercosur expectations and ‘follow your own interests’

Thursday, November 10th 2011 - 06:31 UTC
Full article 3 comments

Mercosur expectations must be lowered and made to prosper in energy integration, infrastructure and trade, said a Uruguayan leading economist adding that without sounding dramatic “we must follow our interests”. Read full article

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  • Dorian

    “Secret accounts” = tax haven. And it IS Argentina's and Brazil's opinion that matter here, because they are the countries whose tax revenues are compromised, thanks to rogue bankers in Montevideo. Shame on Uruguay.

    Nov 10th, 2011 - 11:12 am - Link - Report abuse 0
  • ElaineB

    I once took a rich Argentine to task about not paying tax to the government but preferring instead to have the money he earned from his business paid into a tax haven (not Uruguay in this case). I was pointing out that Argentines are forever complaining bitterly about the terrible underfunding of school, lack of investment in the infrastructure, poor healthcare for the underclass etc., and that if he and others stopped avoiding paying their tax there would be more money available to improve services. (A simple argument I grant you). He looked at me and laughed. “You have not been in Argentina long have you?”, he said. (At that time it was true). “My dear, if everyone paid taxes in full we would still have all the same problems of underfunding but the government and officials would be richer”.

    Nov 10th, 2011 - 07:23 pm - Link - Report abuse 0
  • ChrisR

    I agree entirely with this article. Who in their right minds would trust Argentina when money is involved.
    You have to laugh at the likes of 'Dorian' and the simplistic opinion expounded - it's the Argentinians taking USD out of the country and putting it in houses and other property in Uruguay to safeguard what little personal money they have left.
    Who could blame these people when only after 10 days of her new 'ascension' CFK imposed checks on private puchases of USD, repatriation of external profits for insurance companies and locked all multinational company Argentinian profits within the country! It will save USD250M but they need USD3.3 Billion! What a joke.
    CFK and her backhanding cronies should pay back the millions obtained so far and stop robbing the nation.
    Shame on you Argentina.

    Nov 11th, 2011 - 12:12 pm - Link - Report abuse 0

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