
Former Uruguayan president and the leading presidential hopeful of the main opposition party Luis Alberto Lacalle said that the Mercosur Parliament, Parlasur, lacks all meaning and purpose and proposed its dissolution, in an interview published Sunday in the Montevideo press.

European manufacturer of Airbus aircrafts cautioned against speculations about the causes of the Flight 447 accident this month in the Atlantic Ocean and strongly defended the safety record of the A330.

The United States Government and Congress will support Peru in finding a solution through dialogue, with indigenous communities regarding the improvement of the Forestry and Wildlife Law, which is essential for the for the implementation of the bilateral Free Trade Agreement (FTA), the Ministry of Foreign Trade and Tourism (Mincetur) reported Friday.

“G 8 is over as a political decision group” since “it represents nothing at all” and it’s not a valid instrument to address the reform of the global financial system, said Brazil’s Foreign Affairs minister Celso Amorim during a seminar in Paris on Mercosur.

Venezuelan President Hugo Chávez has rescheduled his visit to Chile yet again, amidst growing tensions related to his country’s failure to make timely payments to 52 Chilean businesses – a sum amounting to more than 80 million US dollars.

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.