
Brazil and Paraguay foreign ministers Jose Serra and Eladio Loizaga expressed deep concern with the Venezuela crisis situation, particularly the economic and human rights continued deterioration, and reiterated their two countries willingness to cooperate and promote dialogue.

After directing criticism at Venezuelan President Nicolas Maduro and urging that Caracas be considered for suspension from the Organization of American States (OAS), Luis Almagro has accused Argentine President Mauricio Macri of impeding those efforts and of reversing his campaign promises of taking a hard line against Maduro.

Uruguay will hand over the chair of Mercosur to Venezuela at the end of July, as indicated by the organization's calendar, and does not support the implementation of the Democratic clause against the government of president Nicolas Maduro, as sponsored by OAS secretary general, Luis Almagro a former Uruguayan foreign minister.

Brazilian government would like to block Venezuela from taking the rotating presidency of Mercosur later this month, a move to further debilitate Venezuelan president Nicolas Maduro's power, according to Planalto sources close to interim president Michel Temer, who admitted the proposal has yet to be discussed with other members.

Venezuelan President Nicolas Maduro said on Tuesday that Organization of American States chief Luis Almagro had called for foreign “intervention” in his country by invoking the body’s Democratic Charter in response to the political crisis in Venezuela.

The largest airline in Latin America, Latam, (Lan Chile and Braizl's TAM) announced it is suspending its flights to Venezuela because of the worsening economic situation. The suspension came a day after Germany's Lufthansa said it would suspend its services to the country.

Venezuela's government on Saturday extended by two weeks a decree reducing the public sector workweek to Mondays and Tuesdays in a bid to tackle the oil-rich country's electricity crisis. The enforced leave was first announced in late April, a drastic move for a government also grappling with an economic crisis that has Venezuelans queuing for hours to buy scarce supplies.

Venezuela, in the midst of a most serious domestic political and economic situation, and with less foreign allies is scheduled to take the chair of Mercosur as of next June for the following six months. However it has been agreed that Uruguay will continue leading Mercosur negotiations with the European Union for a much delayed wide ranging cooperation and trade agreement.

Brazil and Argentina will work together to help find a solution to Venezuela's political crisis, Brazil's acting foreign minister said on Monday. Venezuela is facing a severe economic crisis, with the world's highest inflation and shortages. Polls indicate most Venezuelans want President Nicolas Maduro out of office.

Venezuelan president Nicolás Maduro admitted he was mad as a hatter, but mad with love for Venezuela, the Bolivarian revolution and for the deceased leader Hugo Chavez, in a clear reference to previous statements, without mentioning him, of Uruguayan ex president Jose Mujica.