Peru's Congress named today a moderate opposition leader and constitutional expert as interim president after it declared Alberto Fujimori morally unfit to be president and removed him from office in disgrace and amid serious allegations of corruption.
Mercosur countries should be reducing taxes and increasing public investment to overcome recession, but they are doing exactly the opposite, warned Uruguayan Wall Street analyst, Arturo Porcekansky during a conference this week in Montevideo.
With the legal publication this week in the official gazette, Peruvian presidential and congressional elections are now confirmed for next April 8th, cutting short Peruvian president Alberto Fujimori's third contentious mandate.
International Monetary Fund openly supported the package of economic measures announced last Friday evening by president Fernando De la Rúa to bolster the Argentine economy and ease fears among foreign investors holding Argentine bonds.