Latin America

• Monday, June 25th 2012 - 07:12 UTC

  Paraguay suspended from Mercosur summit which begins Monday

  

  Mercosur countries decided on Sunday “to suspend with immediate effect” the participation of Paraguay in the coming Mercosur summit and preparatory meetings set to begin Monday until next Friday in Mendoza because of the removal of President Fernando Lugo.

• Monday, June 25th 2012 - 06:47 UTC

  Lugo will attend Mercosur summit; Unasur chair transfer to be advanced

  

  Paraguayan removed president Fernando Lugo denied legitimacy to the administration of his successor Federico Franco and announced he will be travelling next week to Mendoza for the Mercosur meeting of presidents scheduled for next June 29.

• Monday, June 25th 2012 - 06:30 UTC

  Striking Bolivian rank-and-file police disregard officers and reject pay agreement

  

  Striking Bolivian police officers have rejected an accord with the government four days into a nationwide strike to demand higher wages. The protesting rank-and-file police burned copies of the agreement during marches across Bolivia Sunday and said they would elect new representatives.

• Monday, June 25th 2012 - 06:25 UTC

  Uruguay recommends new presidential elections for the Paraguayan crisis

  

  Uruguay called for strict respect of the Mercosur and Unasur democratic clauses and said the best way out of the current political crisis in Paraguay was to hold presidential elections as soon as possible.

• Monday, June 25th 2012 - 06:19 UTC

  Brazil says it is “impossible” to force the Paraguayan congress to review the removal of Lugo

  

  Brazil will wait for the Paraguayan situation caused by the removal of Fernando Lugo “to decant” before assessing the most appropriate measures to address the “rupture of democratic order” in the country, according to Planalto sources.

• Sunday, June 24th 2012 - 15:02 UTC

  Lan and Tam complete merger to become world’s second largest airline by market value

  

  Chile's LAN Airlines completed a takeover of Brazilian rival TAM on Friday, creating the world's second-largest airline by market value in a deal that executives expect to yield up to 700 million dollars in costs savings within four years.

• Sunday, June 24th 2012 - 02:27 UTC

  Franco: “no coup, a change of leadership”; Germany admits new government

  

  “There is no coup here,” assured the new president of Paraguay Federico Franco on Saturday, who acted confidently before the international press following the ousting of Fernando Lugo on Friday.

• Sunday, June 24th 2012 - 02:22 UTC

  Argentina withdraws ambassador from Paraguay: Mercosur decides next week

  

  Argentina is withdrawing its ambassador to Paraguay because of the rapid impeachment of former Paraguayan President Fernando Lugo, the Foreign Ministry said in a statement.

• Saturday, June 23rd 2012 - 03:48 UTC

  Franco promises to uphold democracy and honour international agreements

  

  Paraguayan vice-president Federico Franco, 49, was sworn-in on Friday afternoon as president following Fernando Lugo’s impeachment that had him removed in less than two days.

• Saturday, June 23rd 2012 - 03:43 UTC

  “A coup against democracy” organized by the political class and mafia claims Lugo

  

  Ousted Paraguayan President Fernando Lugo addressed thousands of citizens outside the presidential palace and assured there had been a “coup against democracy” but also said he would respect the formality of the Senate’s decision and called on followers to march peacefully.