Mercosur countries should be reducing taxes and increasing public investment to overcome recession, but they are doing exactly the opposite, warned Uruguayan Wall Street analyst, Arturo Porcekansky during a conference this week in Montevideo.
With the legal publication this week in the official gazette, Peruvian presidential and congressional elections are now confirmed for next April 8th, cutting short Peruvian president Alberto Fujimori's third contentious mandate.
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.