Holland one of the few show cases of Europe with all economic indicators the envy of its fellow EU members has stalled in a political controversy while at the other end Greece sees no end to suffering in its fifth year of recession.
Brazilian Defence Minister Celso Amorim and his visiting US peer Leon Panetta considered an increase in cooperation in many different areas including cyber-security, science and military technology and humanitarian assistance during a bilateral meeting held in Brasilia.
Fitch Ratings revised Uruguay's rating outlook to positive from stable on Tuesday, citing the country's ability to cut external and budget vulnerabilities. However Fitch warns about the deteriorating situation in neighbouring Argentina and inflation.
Chilean diplomacy has been active preparing for the next G-20 meeting in Mexico which it plans to attend as a “special guest”, but also because the future could hold an even greater prize if Argentina’s erratic behaviour finally is no longer acceptable for the rest of the group’s members.
Uruguay and Argentina agreed to exchange tax data in a deal that gives Argentine inspectors the power to dig up information on savers with bank accounts in the neighbouring country, officials said on Tuesday.
Spain’s energy corporation Repsol describes as ‘false’ Argentine government allegations that its affiliate YPF “had not invested sufficiently” in its hydrocarbons interests in Argentina.
Another embarrassing ‘Colombian style’ incident surfaced involving US personnel and prostitutes in Latin America on Tuesday, as US Defence Secretary Leon Panetta said that Marines had been punished for allegedly injuring a prostitute in Brazil in December.
The Venezuelan government on Tuesday broadcast a video of President Hugo Chavez playing the European bowling game of bocce in Cuba in a new effort to quash rumours that he was dying of cancer while out of the country.
Argentine Foreign Minister Héctor Timerman is in the middle of a major diplomatic blunder through a baffling series of statements regarding a letter sent by the EU to his office last week, according to a report published in the Buenos Aires Herald.
The European Union is planning to lodge a complaint at the World Trade Organization over Argentina's import restrictions and is seeking other trading partners to back its presentation, a source familiar with the situation said on Tuesday according to news agencies.