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Friday, July 21, 2006

Mercosur, Fidel, Chavez and the Blockade

Today's headline in one of the Buenos Aires newspapers:
a selected translation:
The Mercosur cumbre: Accord is signed to relieve Cuba from the economic blockade. This is the first accord Cuba has achieved with a commercial block since the times of the Soviet Union. With this accord, Mercosur mocks the blockade imposed on Havana by the United States in 1962. Some believe that if US displomacy, now trapped in the war in the Middle East, was more attentive to their backyard this accord wouldn't have passed. The Cuban economy has grown 11% in the last four years according to it's own statististics and 5% according to Cepal. The nickel industry, tourism and the exportation of medicines are the driving forces for the country who has it's worst harvest of sugar in a century. Chavez is sending oil at $25 a barrel to the island where as the international rate of oil is at $75.

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