
The commitment to end illiteracy in the next five years and the overwhelming approval of a democratic clause in support of institutional democracy was the outstanding consensus of the Ibero-American leaders’ summit held in Mar del Plata hosted by President Cristina Fernandez de Kirchner.

Brazilian president Lula da Silva praised the late Argentine president Nestor Kirchner saying he was the leader who helped Argentines recover their self-esteem and marked a historic change in relations between Brazil and Argentina.

European Union states have underwritten their financial sectors with 4.5 trillion Euros of aid since the banking crisis hit. Top of the league is the UK, which pledged 850.3bn Euros of support between October 2008 and October 2010.

German Finance minister Wolfgang Schaeuble said financial markets are currently testing whether the Euro zone will survive but he insisted the 16-nation monetary union won't break up. However he also warned about the risk of the emergence of an anti-Euro party.

Brazilian president Lula da Silva who steps down next January first could run for a third mandate in 2014, according to cabinet Secretary general Gilberto Carvalho.

President Fernando Lugo called on the Paraguayan political establishment “not to identify Venezuela with President Hugo Chavez” and reiterated support from lawmakers to vote for the incorporation of Venezuela as a full member of Mercosur.

The recent Exponaval 2010 and Transport 2010 exhibit held in the Chilean port of Valparaíso was described as a complete success by the organizers of the event that convened over 150 exhibitors, 34 foreign navies’ delegations and totalling business deals “above 600 million US dollars”.

The nomination of a secretary general for Unasur, Union of South American Nations, could be delayed until mid December since discussions on the sidelines of the XXth Ibero-American summit in Mar del Plata, Argentina, are currently stalled and time is running short, according to political analysts.

Brazil's president-elect on Friday named as her chief of staff a former aide to President Lula da Silva who was forced to resign as Finance minister in 2006 amid a corruption scandal.

Brazil recognized on Friday the state of Palestine based on borders before Israel seized control of the West Bank in 1967. The foreign ministry said the recognition was in response to a request made by Palestinian President Mahmoud Abbas to President Lula da Silva earlier this year.