Mercosur

• Wednesday, July 18th 2012 - 09:30 UTC

  Mercosur tribunal will rule on Paraguay’s appeal questioning suspension

  

  Mercosur Review Standing Tribunal admitted the demand presented by the government of President Federico Franco against the suspension of Paraguay and thus object the incorporation of Venenzuela as full member of the regional block

• Wednesday, July 18th 2012 - 09:07 UTC

  Chavez announces fund in support of Venezuelan business to export to Mercosur

  

  Venezuelan president Hugo Chavez announced the creation of a strategic fund geared to support public and private exports to Mercosur, following his confirmation that he will fly to Brazil for the formal incorporation of his country as a full member of the block that also includes Argentina, Brazil, Uruguay and suspended Paraguay.

• Tuesday, July 17th 2012 - 18:27 UTC

  MEP's surprised at Mercosur and Unasur drastic decisions on Paraguay

  

  The European lawmakers’ delegation said it was surprised with the drastic and quick determinations, with no right to defence or appeal, decided against Paraguay by Mercosur and Unasur, said Paraguayan Foreign Minister Jose Felix Fernandez Estigarribia, following a meeting in Asuncion with the visiting MEPs.

• Monday, July 16th 2012 - 19:19 UTC

  Brazil loosing influence in South America to Venezuela, claims former president

  

  Former Brazilian president Fernando Enrique Cardoso said that his country is rapidly loosing influence in South America to Venezuela, following on remarks about the suspension of Paraguay from Mercosur.

• Monday, July 16th 2012 - 07:11 UTC

  Paraguay optimistic about the OAS report and its repercussions

  

  Paraguay is optimistic about an Organization of American States resolution regarding recent events and the current situation in the country, despite strong criticism from other regional organizations such as Mercosur and Unasur.

• Monday, July 16th 2012 - 07:05 UTC

  European Parliament begins fact-finding mission in Paraguay

  

  A delegation from the European parliament begins this Monday an in-situ data collecting mission in Paraguay following the situation triggered a month ago when then President Fernando Lugo was impeached and removed from office, but which has caused the new regime a certain freezing of international links.

• Monday, July 16th 2012 - 03:05 UTC

  Mercosur reduced to a group “of bear-hugging and kissing compañeros”

  

  The influential British business and politics magazine The Economist anticipates that following the latest decisions by Mercosur, the South American group has little if any future. The Economist argues that the mounting protectionism and the rule-breaking admission of Venezuela have fatally undermined a once-promising trade block.

• Friday, July 13th 2012 - 23:34 UTC

  Paraguayan presidential hopeful said the country should in no way abandon Mercosur

  

  Horacio Cartes a presidential hopeful from the Paraguayan hegemonic Partido Colorado said that exiting Mercosur would only cause the closure of industries and the loss of thousands of jobs in the country.

• Friday, July 13th 2012 - 07:01 UTC

  Brazil calls OAS to consider Mercosur and Unasur statements on Paraguay

  

  Brazil considers “important” that the Organization of American States, OAS, takes into consideration the decisions from Mercosur and Unasur relative to the suspension of Paraguay from the two regional groupings.

• Thursday, July 12th 2012 - 07:11 UTC

  Argentina displaces Venezuela as holder of the region’s highest inflation title

  

  Venezuela’s president Hugo Chavez running for re-election received a considerable boost for his campaign from his peer and political associate President Cristina Fernandez when it was revealed that Argentine inflation in the first half was over two digits.