The conclusion that there would be no 'contagion' from the Argentine crisis seems to have been premature ÃÂÂor so a growing number of personalities have been suggesting.
Former Bolivian president Hugo Banzer, a military dictator who later was democratically elected died this week in his hometown of Santa Cruz.
In the latest reshuffle of his embattled Cabinet, Argentine President Eduardo Duhalde on Friday swore in three new ministers and brought radical trade union power into the heart of his government.
“Menem returns!” proclaims a message scrawled on the dusty colonial square in La Rioja, a far-flung Argentine city near the border with Chile.
Argentina's peso held firm against the dollar Monday as banks and foreign currency houses reopened after a weeklong shutdown and as a new economy minister was taking charge.
Uruguay has been promised an additional one billion US dollars to support its financial system that has been exposed to the impact of Argentina's current political and economic turmoil.
Uruguay's President Jorge Batlle said Saturday his country will maintain consular relations with Cuba, despite a deep row between the two countries in recent weeks.
Chilean President Ricardo Lagos said he expects Congressional opposition will understand the importance of the recent association agreement between Chile and the European Union and help with its legislative approval.
Venezuelan president Hugo Chaves named this Sunday veteran political leader and former Defence Minister José Vicente Rangel as his new vicepresident, a vital post in the government structure.
Incoming Argentine Minister of Economy Roberto Lavagna confirmed a floating currency, no price controls and a clear willingness to follow and comply with the reforms demanded by the International Monetary Fund, IMF, according to interviews in Buenos Aires Sunday newspapers.