Mercosur supports significant institutional deficits, lacks clear bearings, negotiations with the European Union are stalled and there is a devalued public opinion perception of the block, which is attempting to become a customs union.
Headlines: “No place for claim” UK representative’s message to Argentina; Community Safety director: recruitment to begin overseas; Swine flu increase in Chile, Falklands still clear.
The world economy is set to contract this year by more than previously estimated, and poor countries will continue to be hit hard by multiple waves of economic stress, said World Bank Group President Robert B. Zoellick.
The Portsmouth warship HMS Gloucester has been given a royal send-off ahead of her deployment to the South Atlantic.
Ecuador announced Thursday it had bought back 91% of its “defaulted” bonds via an international auction with drastic rebates of 65% to 70%. The amount involved in the operation was 3.37 billion US dollars.
Argentina condemned on Wednesday the United Kingdom’s negative to resume sovereignty negotiations over the disputed Falklands/Malvinas Islands, South Atlantic islands (South Georgia and Sandwich) and adjacent maritime spaces. June 10th, according to the Argentine calendar is Malvinas Sovereignty Day
Brazil will buy 10 billion US dollars of bonds issued by the International Monetary Fund to help the multilateral lender provide financing to countries hurt by the financial crisis, announced Finance Minister Guido Mantega.
The Spanish Government made a short but sharp intervention at the start of United Nations C24 session stating Spain's firm wish to renew conversations with the United Kingdom within the framework of the Brussels process.
The financial crisis should be the springboard for a “leap forward” in negotiations for the association agreement between the European Union and Mercosur, said Spain’s Secretary of State for Ibero-America currently on a tour of Mercosur country members.
British Prime Minister Gordon Brown has set out plans for urgent legislative action to clean up Parliament in the wake of the expenses scandal. Brown said new legislation will be published before MPs rise for their summer break to create an independent regulator of Parliament and a code of conduct for MPs' behaviour.