Brazil's most important bank which has been operating in Uruguay since 1945 announced it will be leaving the country because of the low profitability of its Montevideo agency.
In spite of different scenarios and higher oil prices and interest rates, Mercosur overall consolidated inflation control during 2000, ensuring the long term decreasing tendency of retail prices.
While the leading world businessmen, bankers and some political figures met in Davos Switzerland for the annual economic forum to praise globalization and capitalism, in Porto Alegre, Brazil, thousands gathered rather chaotically to blast the rich leading nations, the wealthy in rich countries and the current economic structure that allows such a system to subsist.
The Chilean human rights groups ongoing battle to take former president Augusto Pinochet to court and have him sentenced seems endless, reminding ordinary Chileans how powerful the military still are even ten years after the return to a democratic system.