The Paraguayan Supreme Court accepted on Wednesday an unconstitutional appeal against the removal of President Fernando Lugo which requests the annulment of the political impeachment undertaken and voted by Congress.
The world’s number one copper producer Codelco announced it had placed 2 billion dollars in bonds, its largest debt issue to date, aimed at refinancing debt and funding a good part of the miner's 2013 investments.
Italy's technocrat Prime Minister Mario Monti, appointed last year to steer his country through a debt crisis, said he was confident a stable government would be formed after elections in 2013, playing down fears of deadlock after he steps down.
Brazilian Foreign minister Antonio Patriota again supported the access of Venezuela as full member of Mercosur and the suspension of Paraguay, which he described as a clear message for all those possible “anti-democratic adventures”.
The Organization of American States Secretary General Jose Miguel Insulza said that to suspend Paraguay from the OAS “would not contribute to the achievement of our objectives”, governance, the electoral process and institutional normality.
Brazil said it will breed huge numbers of genetically modified mosquitoes to help stop the spread of dengue fever, an illness that has already struck nearly 500,000 people this year nationwide, killing 74.
Argentine Defence minister Arturo Puricelli said that in the same way “the independence of the Argentines is the independence of the region”, the defence of Argentina is also the defence of the region and in this framework of integration Argentina’s sovereignty claim over the Malvinas Islands is a regional commitment.
The head of the Argentine Industrial Union, José Ignacio de Mendiguren, admitted that it's clear that the activity level has dropped, and warned that the construction-related sectors delay the new projects.
Venezuela's President Hugo Chávez said on Monday he was fully recovered from cancer, three months before an election in which he is seeking another six-year term. Free, free, totally free, he told reporters when asked if he was free of the disease that struck a year ago.
The president of the Paraguayan Industrial Union Eduardo Filippo said it was essential for the country to establish negotiations outside Mercosur, following the suspension from the group by the remaining three members allegedly because of the rupture of the democratic order.