Uruguay's economy vulnerabilities: inflation and budget deficit, says IMF report The Uruguayan economy is decelerating gradually after a decade of strong and inclusive growth. Export receipts are growing at a markedly lower clip than a few years ago and domestic demand growth is slowing towards a more sustainable pace. At the same time, inflation remains above the target range and the primary fiscal balance has weakened further in 2014.
Maduro retaliates and will demand visas from US citizens travelling to Venezuela President Nicolas Maduro said his government had captured American citizens involved in "espionage activities," and said US citizens in the future will have to seek visas to come to Venezuela. Speaking during a rally, he said his government will prohibit some US officials from entering Venezuela in retaliation for a similar measure by the government of President Barack Obama against a group of Venezuelan public officials.
Uruguay's Vazquez returns to office a decade later but with a different economic climate Tabare Vazquez was sworn in as president of Uruguay Sunday, returning to office a decade after first leading the centre left catch-all coalition to power and drawing a curtain on folksy farmer Jose Mujica's colorful rule. Vazquez, a cancer doctor with a more buttoned-down style than the outspoken Mujica, won 53.6% of the vote in a November 30 presidential run-off, reclaiming the office he previously held from 2005 to 2010.
Uruguay looks to Paraguay in support of a more open and dynamic Mercosur Fresh from an incident with Venezuela which delayed and displaced a Unasur meeting, the Uruguayan government is looking for closer relations with the conservative administration of Paraguay, putting the emphasis on regional integration but also in making Mercosur a more open and dynamic trade and cooperation block.
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