Moody's Investors risk Service raised the sovereign foreign currency credit rating for Mercosur member Uruguay by two notches to Ba1 from Ba3 on Wednesday, leaving it just below investment grade, citing improved debt and fiscal indicators.
Uruguay’s First Lady and speaker of the main Senate group in the ruling coalition Lucia Topolansky will be sworn as interim president on Friday, the first woman-president in the history of the Uruguayan democracy.
Néstor Kirchner Argentina’s late former president first became popular by pushing for the repeal of the amnesties and pardons that prior governments had granted to members of the country’s bloody 1976-83 dictatorship. Argentines cheered when the Supreme Court ruled the laws unconstitutional in 2005, and have supported the hundreds of prosecutions for human-rights abuses that have been launched since then.
Uruguayan president Jose Mujica underlined the strong common links going back to the birth of Argentina and Uruguay and called for an end to the “ports’ war” (Montevideo vs Buenos Aires) a rivalry born when the two countries were provinces of the colonial Spanish empire.
Uruguayan president Jose Mujica was critical of Argentina’s economic policies and of the recent organization for the funeral of former president Nestor Kirchner. He also admitted it would be “difficult” to reach a definitive agreement with Argentina regarding the long standing UPM-Botnia pulp mill conflict.
Uruguay’s president Jose Mujica admitted his frustration in ruling the South American democracy because between the power of the unions and the huge state bureaucracy it virtually “impedes you from getting anything done”.
Following the death of former Argentine president Nestor Kirchner, the Union of South American Nations, Unasur must find a new consensus leader and the outstanding figure and possible candidate is Brazilian president Lula da Silva recognized as a great promoter of regional integration.
Uruguayan president Jose Mujica said that taking over companies by the state “is a solution that has been abandoned” and is the “perfect recipe to breed an oppressive bureaucracy”.
Uruguayan president Jose Mujica told his cabinet that he had contacted the British ambassador to tell him why the Royal Navy HMS Gloucester bound for the Falkland Islands had been authorized to call in Montevideo and a few hours before arriving had clearance withdrawn.
Uruguay’s president Jose Mujica said that ‘most probably’ next year his government would be recognizing Palestine and will continue to have “solid” relations with Iran, because it is in “the interest of the country”.