International Monetary Fund openly supported the package of economic measures announced last Friday evening by president Fernando De la Rúa to bolster the Argentine economy and ease fears among foreign investors holding Argentine bonds.
Although it may be days before the United States presidential deadlock is cleared, the potential impact in Latinamerican and particularly Mercosur, of the next administration can be considered.
At the end of a three days official visit to Uruguay, Chilean President Ricardo Lagos clearly outlined the two sides of the Mercosur membership his country has been courting with for the last few years.