Uruguayan president Jose Mujica was ironic about the conditions Paraguayan president elect Horacio Cartes demanded for his country’s return to Mercosur, but also in a veiled message called for ‘intelligence and pragmatism’ recalling that Paraguay is a landlocked country.
“The party is over” and Latinamerican countries should be concerned since the Chinese economy is slowing down, apparently entering a low growth period and many in the region have become notoriously ‘China-dependent’ after a decade of strong expanding sustained bilateral relations.
Uruguay is too expensive in dollar terms and needs to adapt quickly because the adjustment will come anyway ‘and will be painful’ unless inflation is brought under control and costs equilibrium is reached with Brazil with a competitive dollar at 25 Pesos.
Following on the steps of the IMF (and World Bank) which has strongly questioned Argentine official stats (mainly inflation and GDP growth), the United Nations Economic Commission for Latin America and the Caribbean, Eclac, also joined the club of disbelievers since in its last report on the regional economy appealed to other stats’ sources.
Boosted by auto and metal-mechanic manufacturing industrial production in Argentina during June increased 3.8% compared to the same month a year ago, according to the latest release from Indec. Since April and May were also positive this means that the second quarter was up 3.5% over a year ago.
Mr. Alejandro Betts spoke on 20 June this year at the UN Special Committee on Decolonisation, as a petitioner on the “Falklands (Malvinas) Question.” It has been brought to my attention that his speech included a highly distorted account of my visit to the Islands to observe the referendum on behalf of the South Atlantic Council.
The European Commission says it has reached an amicable solution with Beijing in a row over imports of Chinese solar panels. Both sides have agreed a minimum price for the panels, EU Trade Commissioner Karel De Gucht said.