
Brazilian president Dilma Rousseff said it was urgent for Mercosur/European Union trade negotiations to conclude although also emphasizing the need to promote and intensive South/South relations, but warning that some outer region countries are intent in “sending us what they can’t sell in developed countries”.

Failure by US lawmakers to agree soon on a deal to raise the government's borrowing limit could deliver a severe shock to a still fragile recovery and global markets, the International Monetary Fund warned.

Trade problems between Mercosur two main partners ‘subsist’, but both sides are optimistic that they can be solved. The revelation in the framework of the Mercosur summit follows weeks of discussions and paralyzing trade, sometimes for weeks at the borders.

The Argentine Senate had to cancel a debate scheduled for Wednesday to discuss digital duties following an alleged hackers attack. The bill looks to apply a new tax to the manufacturing of digital media players, whose earnings would go to writers and music composers.

The Mercosur presidential summit unanimously supported Argentina’s legitimate sovereignty rights over the Falklands/Malvinas Islands and strongly rejected “regrettable statements” from British Defence Secretary Liam Fox regarding the use of force.

Venezuela has suspended a regional summit scheduled for 5 July, --which also coincides with the 200th anniversary of the country’s independence--, amid continuing speculation over the state of health of President Hugo Chavez.

Mercosur plans to begin negotiations with associate members Bolivia and Ecuador to make them full members, said Brazilian Foreign Affairs minister Antonio Patriota during Wednesday’s presidential summit in Paraguay.

The Falklands are well defended, much better than in 1982, and the international opinion tide is turning “on our favour” said Dick Sawle, elected member of the Falklands’ Legislative Assembly recently back from a round of political contacts in New York and Washington.

Greece's parliament approved early Wednesday deeply unpopular austerity measures despite worsening violence, in a vote vital toward securing international funds and preventing the Euro zone's first sovereign default.

United States President Barack Obama cited cost as a reason to bring troops home from Afghanistan and referred to a one trillion US dollars price tag for US wars. The figure grossly underestimates the total cost of wars in Iraq, Afghanistan and Pakistan to the US Treasury and ignores more imposing costs yet to come, according to a study released Wednesday.