Of the ten presidents from South America's football confederation, Conmebol, during the period under investigation by the FBI, only two had not been indicted until Thursday: Uruguay's Sebastian Bauza and Ecuador's Luis Chriboga. However US Attorney General Loretta Lynch included Chriboga in the latest list of allegedly 16 indictments.
Sixteen more top football officials were charged in a dramatic widening of the FIFA corruption scandal on Thursday, as US prosecutors vowed to leave no stone unturned in their quest to root out graft. Several senior FIFA officials from the past or present were named in a 92-count US Justice Department indictment which came after a series of dawn raids at a luxury hotel in Zurich hosting FIFA officials.
The European Central Bank announced on Thursday fresh stimulus measures in a bid to boost inflation and the Euro zone’s recovery but the market response reflected disappointment. Mario Dragui said the bank was extending the quantitative easing program by six months, March 2017, or beyond if necessary, but at the current rate of 60 billion Euros a month.
Mercosur is waiting for the European Union to decide when to begin the exchange of tariff-reduction proposals with the purpose of reaching an encompassing trade and cooperation agreement, despite France's objections to the move, said Rigoberto Gauto, Paraguay's deputy foreign minister. Paraguay currently holds the Mercosur chair and leads negotiations with Brussels.
Uruguay faces seven conditions which are creating a complex scenario and if they are not modified by government, it's most possible the economy is heading for a recession, according to economist Juan Carlos Protasi, a former central bank president.
Inflation in Uruguay during the first eleven months of 2015 was double digit, 10.04%, a figure which if confirmed by the end of the year, could trigger a rash of labor review demands from unions. According to the country's stats office INE, in November retail prices climbed 0.43%, and in the last twelve months reached 9.46%, ahead of October's 9.15%.
Gustavo Grobocopatel, head of the agro-business Grobo group anticipated that with the measures announced by the team of president elect Mauricio Macri and to be implemented from next 10 December, Argentina's grains and oilseed crop “it going to increase by 40% to 50%”, meaning dollars for industry, jobs and services.
The British Embassy, the British Council and Uruguayan National Research and Innovation Agency (ANII) have announced the three workshops selected under the recent Researcher Links call for proposals, part of the Embassy’s cooperation funding for science and innovation in Uruguay.