Mercosur

• Tuesday, July 31st 2001 - 21:00 UTC

  A sigh of relief

  Argentine and regional markets reacted favorably after the Argentine Senate approved an austerity package aimed at balancing the budget, stimulating the economy and bringing some relief to foreign investors who fear the country might default on its 130 billion debt.

• Monday, July 30th 2001 - 21:00 UTC

  Full support for Argentina.

  Mercosur presidents meeting in Lima, Peru, expressed their full support to the Argentine administration of President Fernando De la Rúa and its zero-deficit target.

• Sunday, July 29th 2001 - 21:00 UTC

  Bolivian president resigns.

  Bolivian president Hugo Banzer seriously ill with cancer and under medical treatment in United States will officially resign next August 6th., the country's independence day.

• Sunday, July 29th 2001 - 21:00 UTC

  Toledo pledges full-scale war on poverty.

  With twelve heads of state present and the full support of the international community, Alejandro Toledo, the shoe shine boy turned economist and the first native Indian origin Peruvian president, took office Saturday July 28th. in Lima, pledging a full scale war on poverty.

• Saturday, July 28th 2001 - 21:00 UTC

  Mini Mercosur summit.

• Monday, July 23rd 2001 - 21:00 UTC

  Fed rate drop saves Uruguay 90 Million

• Monday, July 23rd 2001 - 21:00 UTC

  New Zeland trade delagation.

  A New Zeland trade delegation headed by Prime Minister Helen Clark, other government officials and representatives from the country's main industries will visit Mercosur members next November.

• Monday, July 23rd 2001 - 21:00 UTC

  “Mortally wounded”

• Thursday, July 19th 2001 - 21:00 UTC

  Chilean recovery forecasted

  The Chilean economy should begin to recover and could record a 4,8% growth during the second half of 2001, according to Hernán Büchi, an outstanding Chilean economist and former Finance Minister

• Tuesday, July 17th 2001 - 21:00 UTC

  Argentina: Political support for “zero-deficit”

  After days of intense and marathonic bargaining the Argentine government finally managed political support for its zero deficit financial program that should ease international credit conditions and put the country's economy back in track.