The Union of South American Nations, Unasur, decided late Friday to lift the suspension pending on Paraguay, which will become effective next 15 August when president-elect Horacio Cartes takes office.
Peru which currently holds the chair of Unasur, Union of South American Nations is promoting a new meeting of country members’ heads of state to address the political situation in Venezuela, Foreign minister Rafael Roncagliolo said on Thursday.
President-elect Nicolas Maduro was set to be inaugurated in Venezuela Friday as election officials moved to defuse a political crisis by yielding to demands for an audit of the electronic votes of the results in Sunday's bitterly contested elections.
The Union for South American Nations (Unasur) agreed to limit the actions of ‘special situation funds’ (hedge funds or ‘vulture funds’) and categorically rejected a referendum that will take in place in the Falkland Islands in March to decide the political status of the archipelago, during the summit that took place in Lima.
Paraguay complained bitterly Unasur (Union of South American Nations) decision to confirm the suspension of the country from the group until next April 2013 when elections are scheduled. The decision was described as a ‘systematic persecution’ and ‘interventionism’ of Paraguay, which is contrary to basic principles enshrined in the UN charter.
The Union of South American Nations, Unasur leaders meet on Friday in Peru to consider advances to the integration process and a report on the political and electoral situation in Paraguay, which remains suspended from the group since last June.
Brazilian president Dilma Rousseff has cancelled her attendance to the Union of South American Nations, Unasur summit in Peru on Friday because of “agenda problems” and previous “domestic engagements”, according to the Planalto press secretary office. Vice-president Michel Temer will be attending in her name.
During a ceremony to receive visiting Peruvian leader Ollanta Humala Argentine President Cristina Fernández said that she would make a plea for Unasur members to come together in the fight against ‘vulture funds’ (hedge funds) when the region’s leaders meet this week in Lima.