A 41 billion US dollars international stand by support, a new orthodox Economy Minister respected by all parties as a brilliant professional and a clear determination to put the house in order by targeting a balanced budget, seems the right combination to get a country back on its feet and to begin to recover from a thirty months recession.
The very delicate financial situation facing Argentina is straining the political system which could lead to a similar US Congress situation with a convergence of two main blocks, Conservatives and Liberals, in spite of party lines.
Foot and mouth Mercosur experts and veterinary services are meeting this week in Paraguay to consider the situation in the area plus special reports from the Andean and Amazon regions.
Carnival is over and life usually returns to normal in Brazil. Or should do so. But in 2002 Latinamerica's most populous country and the world's ninth economy will be holding general elections, and a successor for President Fernando Cardoso, who is barred from a third mandate, must be found.
Sponsored by the United Nations Development Agency political leaders from Latinamerican countries are meeting in Buenos Aires to discuss the recovery of electorates trust in political parties, democracy transparency and how to improve living conditions of the people
Ricardo López Murphy, an orthodox and experienced economist who believes in balanced budgets is Argentina's new Economy Minister. The former Defence Secretary replaces José Machinea who was unable in his fifteen months tenure, to pull Argentina from a two and a half years recession in spite of a massive international 40 billion contingency assistance.