Saturday, July 30, 2016

Venezuelan Crisis Hits South American Trade Bloc

Paraguay said Venezuela does not have the internal stability or proper regard for human rights required to assume the Mercosur role.

Montevideo (dpa) - The South American trading bloc Mercosur was temporarily leaderless on Friday due to concerns over the current economic crisis in Venezuela. Uruguay relinquished its chairmanship of the group on Friday after the customary six-month rotating period ended. The chairmanship is typically transferred in alphabetical order, which meant Venezuela was due to assume the…

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