Article: SOUTHERN CONE: NEW ROLE FOR MERCOSUR?

[The following article by Andres Gaudin is reprinted with the permission of Noticias Aliadas in Lima, Peru. It appeared in the August 12, 2002, edition of Latinamerica Press.]

Uruguay, once the Southern Cone's financial paradise, found itself in the eye of a new political and economic storm stemming from the crisis that has rocked Argentina since December (see NotiSur, 2002-06-28).

As economists and politicians warn that the economic problems could spread further, some are calling for the Southern Cone Common Market (MERCOSUR) to take a stronger stand.

For the first time in Uruguay's history, on July 30 the government of President Jorge Batlle ...

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