
Uruguay is reconsidering the situation and links with Mercosur, given the recent trade obstacles and tariffs imposed by Mercosur senior partners Brazil and Argentina, announced President Jose Mujica in an interview.

At least 50 demonstrators were arrested Thursday when masked protesters attacked police at the end of a massive and otherwise peaceful march in Santiago de Chile demanding more resources for education.

Blaming speculation for the high price of food and oil, and arrogance and greed for the global economic crisis, the Dominican Republic called Thursday at the United Nations for new market rules and proposed a 5% tax on financial transactions to spur growth and prosperity.

Brazilian Catholic bishops called for “a profound political reform” against corruption and strongly supported the popular protests that have erupted in the country following the disclosure of several scandals that have swept away four ministers and has reached the doorsteps of Congress.

US Treasury Secretary Timothy Geithner said that the European debt crisis and the political divisions in the United States were the biggest threats to the global economy.

The UK government regrets that “Argentina is considering withdrawing from yet another agreement with the United Kingdom” said on Thursday a spokesperson for the British embassy in Buenos Aires in reference to Argentina’s statement before the UN to further isolate the Falklands/Malvinas Islands.

If Argentina goes through with its threat to suspend the Falklands/ Chile airlink it will be an, “act of desperation,” said Member of Legislative Assembly Jan Cheek quoted by the Friday edition of the Falklands’ Penguin News.

The head of the International Monetary Fund, Christine Lagarde, said on Thursday that she wants a “constructive dialogue” with Argentina, while at the same time warned that she is not willing to make any “concessions” in terms of the quality of official data the IMF receives from member countries.

The Argentine Ambassador before the UN, Jorge Argüello, ratified Thursday morning that if the United Kingdom keeps on refusing to discuss and negotiate Malvinas Islands’ sovereignty, the government will cancel flights to the South Atlantic archipelago.

Brazil will hold off plans to purchase new fighter jets until at least 2012 as the government cuts spending to fight the global economic crisis, Brazilian Foreign Minister Antonio Patriota said in New York.