Mercosur

Wednesday, September 11th 2013 - 22:02 UTC
”If Brazil devalues, Uruguay will follow”, President Mujica tells farmers

President Jose Mujica said that Uruguay is ‘aligned’ with Brazil in economic policy, and if the government of President Dilma Rousseff decides to devalue its currency, “Uruguay will follow” and as Brazil, “Uruguay is not satisfied with the functioning of Mercosur”.
Tuesday, September 10th 2013 - 02:04 UTC
Special Mercosur parliament committee to help decide on Paraguay/Venezuela controversy

Mercosur parliament, Parlasur, resumed activities on Monday and the first thing it agreed on was to name a committee to help find a way out to the controversy between Paraguay and Venezuela. Although Venezuela holds the rotating chair of Mercosur, Paraguay refuses to acknowledge even its status as full member of the regional group.
Tuesday, September 10th 2013 - 00:37 UTC
Paraguayan president Cartes visits Cristina Fernandez in Buenos Aires

Paraguayan president Horacio Cartes is expected in Buenos Aires on Tuesday, following an invitation from his Argentine peer Cristina Fernandez, which will be his first overseas bilateral trip since taking office 15 August.
Sunday, September 8th 2013 - 00:29 UTC
Paraguay insists it does recognize Venezuela as a full member of Mercosur

Paraguay as full member and in full exercise of that condition does not recognize Venezuela as president or full member of the group, according to a communiqué sent to all of Paraguay’s ministries and overseas representations.
Tuesday, September 3rd 2013 - 01:37 UTC
Paraguay insists in reviewing all decisions adopted by Mercosur during its 14-month suspension

Foreign minister Eladio Loizaga said Paraguay will hold before Mercosur the same position it sustained at the Unasur summit in Suriname requesting that all decisions adopted during the last year and two months in which the country was suspended, are formally analyzed.
Monday, September 2nd 2013 - 12:00 UTC
Maduro apologizes to Paraguay for any ‘pain’ caused and promises ‘to repair the error’

Venezuelan president Nicolas Maduro apologized to his peer Paraguayan peer Horacio Cartes for any ‘pain’ caused to Paraguay and promised a ‘sacrifice’ to repair the ‘error’, according to sources from both presidents and from Brazilian leader Dilma Rousseff who sponsored the meeting between the two heads of state in the framework of the recent Unasur VII summit in Suriname.
Saturday, August 31st 2013 - 15:30 UTC
Falklands’ lawmaker arrives in Uruguay to inform on business opportunities in the Islands

Falkland Islands member of the Legislative Assembly Dick Sawle will be in Montevideo 2-6 September, after spending a week in Brazil involved in business, academia and informal political contacts sponsored by the Foreign Office. In Uruguay according to the official release MLA Sawle will inform about business opportunities with the Falklands and to strengthen the historical ties with Uruguay.
Saturday, August 31st 2013 - 15:27 UTC
Uruguay fearing the wrath of Cristina Fernandez denies authorization to expand pulp mill capacity

The Uruguayan government fearful of Argentine President Cristina Fernandez’s reaction will not authorize the local UPM pulp mill to expand its production capacity from 1 million to 1.3 million tons annually, in the short term, according to company and government sources.
Wednesday, August 28th 2013 - 21:56 UTC
Brazil raises benchmark interest to 9% hoping to rein in inflation

Brazil raised on Wednesday its Selic benchmark interest rate to 9% from 8.5% in a further attempt to rein in inflation. The central bank's monetary policy committee, the Copom, voted unanimously for a third straight half percentage point rate rise.
Wednesday, August 28th 2013 - 14:22 UTC
UK reaffirms support for Gibraltar; Picardo meets with PM Cameron and Hague

British Prime Minister David Cameron office has highlighted the significance of Chief Minister Fabian Picardo’s visit to No 10 Downing Street as an indication of the relationship and support of UK for Gibraltar.