Uruguay, that currently holds the Mercosur chair, was encouraged by US State Department officials to promote four plus one trade negotiations between the South American block and the United States.
Finally the International Monetary Fund and Argentine officials worked out two a stages agreement that includes an additional 8 billion US dollars stand-by assistance, plus a voluntary rescheduling of Argentine foreign debt
The influential Argentine Catholic Church warned that the current economic situation in the country could lead to social anarchy of unsuspected consequences.
A preliminary report on money laundering, drug trafficking, tax evasion, illegal sales of weapons, suspicious paychecks in the privatization process, involving former president Menem's administration and the current Alianza government was made public in the Argentine Congress by a dissident Radical Deputy.
International Monetary Fund Director General, Horst Koehler announced he will recommend an accelerated disbursement of a 1,2 billion US dollars loan to Argentina, once the IMF mission currently in Buenos Aires, ends its review of the country's austerity program.
Argentina could be the victim of a strong dispute between the US Treasury and Wall Street who are odds over investments in emerging markets bonds, where returns are greater but not necessarily the risks, according to some US economists.
In a surprisingly forceful, and candid, speech during the official inauguration of the annual Palermo Agricultural Show, President Fernando De la Rúa vigorously promoted the zero-deficit austerity package and also admitted a cover up operation regarding foot and mouth disease.