Today’s Mercosur presidential meeting, in Mendoza, Argentina, is getting rather more international attention than it likely anticipated. Previously expected to be little more than tussling over tariffs and a perfunctory discussion of fiscal woes in Europe, the focus now will be Fernando Lugo’s sudden removal from the Paraguayan presidency last Friday.
But what does this mean for Brazil? Read more here.
With much of the world’s political attention focused on the marvelous city for Rio+20 last week, and celebrities posing for fashion bloggers in São Paulo the week before, some could be been forgiven for overlooking the real capital of Brazil – Brasilia. Yet to do so would be a mistake.
Wary of dependence on the dollar, Brazil and China on Thursday agreed to a R$60 billion currency swap, shoring up their economies and increasing liquidity in the wake of continued instability in Europe and the United States.
President Dilma Rousseff arrived in Los Cabos, Mexico Sunday to attend the 7th G-20 Summit of the world’s leading economies, where the Eurozone crisis and its effect on global growth took center stage.