Berliner Boersenzeitung - Brazil's Lula, Argentina's Milei clash over Venezuela at Mercosur summit

EUR -
AED 4.109134
AFN 72.728281
ALL 91.068859
AMD 404.188339
ANG 2.002579
AOA 1027.144156
ARS 1729.248535
AUD 1.622267
AWG 2.014008
AZN 1.912528
BAM 1.962541
BBD 2.256963
BDT 139.639646
BGN 1.955636
BHD 0.42335
BIF 3352.798341
BMD 1.118893
BND 1.435939
BOB 13.448193
BRL 6.164092
BSD 1.120608
BTN 105.233465
BWP 15.436573
BYN 3.355807
BYR 21930.308026
BZD 2.253754
CAD 1.575964
CDF 2595.832638
CHF 0.915614
CLF 0.027765
CLP 1092.755792
CNY 7.470292
CNH 7.464898
COP 3624.934461
CRC 508.200341
CUC 1.118893
CUP 26.89452
CVE 110.645053
CZK 24.34225
DJF 199.549121
DKK 7.475085
DOP 68.091023
DZD 152.371974
EGP 60.59389
ERN 16.783399
ETB 183.918275
FJD 2.53496
FKP 0.837816
GBP 0.834308
GEL 2.903532
GGP 0.837816
GHS 13.099997
GIP 0.837816
GMD 83.360443
GNF 9925.302097
GTQ 8.567428
GYD 235.037326
HKD 8.774098
HNL 30.117916
HRK 7.5738
HTG 146.842519
HUF 362.970109
IDR 20210.289352
ILS 3.555675
IMP 0.837816
INR 105.063575
IQD 1699.638057
IRR 2116222.136659
ISK 136.807259
JEP 0.837816
JMD 177.849031
JOD 0.793295
JPY 176.818359
KES 145.344762
KGS 97.844756
KHR 4565.478491
KMF 494.551073
KPW 1007.003897
KRW 1511.428985
KWD 0.347875
KYD 0.933978
KZT 502.294127
LAK 25210.540792
LBP 100348.254387
LKR 372.651831
LRD 190.59467
LSL 18.532011
LTL 3.303801
LVL 0.676807
LYD 7.171171
MAD 10.959244
MDL 20.030134
MGA 5092.033018
MKD 61.61355
MMK 2349.067623
MNT 4029.320399
MOP 9.050287
MRU 45.241565
MUR 52.676978
MVR 17.226835
MWK 1943.136649
MXN 20.801703
MYR 4.54215
MZN 71.498438
NAD 18.532427
NGN 1509.297401
NIO 41.241756
NOK 10.50836
NPR 168.291842
NZD 1.997004
OMR 0.430223
PAB 1.121251
PEN 3.862166
PGK 5.107192
PHP 70.84272
PKR 309.925281
PLN 4.386677
PYG 7004.679653
QAR 4.098277
RON 5.341147
RSD 117.61829
RUB 91.830664
RWF 1654.020058
SAR 4.207616
SBD 9.005505
SCR 15.499192
SDG 673.014658
SEK 11.009395
SGD 1.432256
SHP 0.837965
SLE 25.678699
SLL 23462.637275
SOS 640.404952
SRD 42.051926
STD 23158.831582
STN 24.573095
SVC 9.809695
SYP 14547.8499
SZL 18.525693
THB 37.515398
TJS 10.342425
TMT 3.916126
TND 3.354823
TOP 2.694026
TRY 56.14781
TTD 7.59947
TWD 36.716461
TZS 2959.162776
UAH 50.765874
UGX 4585.751516
USD 1.118893
UYU 45.10493
UZS 13377.951689
VES 1002.882387
VND 28529.540512
VUV 133.441527
WST 3.119277
XAF 655.957
XAG 0.02128
XAU 0.000273109292
XCD 3.023864
XCG 2.02054
XDR 0.791116
XOF 655.957
XPF 119.331742
YER 264.75817
ZAR 18.435484
ZMK 10071.378954
ZMW 22.770224
ZWL 360.283175
SSP 6428.301763
MXV 2.33848
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Brazil's Lula, Argentina's Milei clash over Venezuela at Mercosur summit
Brazil's Lula, Argentina's Milei clash over Venezuela at Mercosur summit / Photo: Evaristo Sa - AFP

Brazil's Lula, Argentina's Milei clash over Venezuela at Mercosur summit

Brazilian President Luiz Inacio Lula da Silva and Argentina's Javier Milei on Saturday openly clashed at a regional summit about the fate of Venezuela, as US President Donald Trump ratchets up the pressure on Caracas.

Text size:

The comments from Lula and Milei came at a meeting of the South American Mercosur bloc, at which a future trade deal with the European Union was on the agenda.

But the tensions over Venezuela -- once a member of Mercosur but suspended in 2016 -- exploded in the open, with Lula warning that armed conflict could spark a "humanitarian catastrophe," and Milei praising Trump's saber-rattling.

The US military has beefed up its presence in the Caribbean in recent months and carried out air strikes against alleged drug boats in the region and in the Pacific, claiming that it is combatting narcotics trafficking.

But Venezuelan strongman Nicolas Maduro says the campaign is part of a wider effort to carry out regime change in Caracas, and Trump said this week he could not rule out the possibility of war.

"An armed intervention in Venezuela would be a humanitarian catastrophe for the hemisphere and a dangerous precedent for the world," Lula said to open the Mercosur summit in the southern city of Foz do Iguacu.

But Milei -- a Trump ally -- followed with his own take on the situation, saying, "Argentina welcomes the pressure from the United States and Donald Trump to free the Venezuelan people. The time for a timid approach on this matter has run out."

The US government has accused Maduro of leading the "Cartel of the Suns" -- a charge he denies. Trump has also announced a blockade on oil tankers under sanctions that are leaving or arriving in Venezuela.

- Lula asks EU for 'courage' on trade -

Argentina, Brazil, Paraguay and Uruguay had hoped they would on Saturday finally seal a deal with the EU to create the world's largest free trade zone, as did EU Chief Ursula von der Leyen and most of the European bloc's member states.

However, the deal met with fierce opposition from farmers, notably in France and Italy, and has now been postponed to January.

"Without political will and courage on the part of leaders, it will not be possible to conclude negotiations that have dragged on for 26 years," Lula said in his opening speech.

"We have in our hands the opportunity to send the world an important message in defense of multilateralism, and to reinforce our strategic position in a global environment that is more and more competitive," Lula told attendees.

"But, unfortunately, Europe has not yet made its decision."

The leftist Brazilian president said he had received a letter from EU leaders expressing confidence that the deal would be approved in January.

One source in the European Commission and two diplomats who asked not to be named said the new expected signing date was set for January 12 in Paraguay. Negotiations first began in 1999.

But Paraguayan Foreign Minister Ruben Ramirez said neither he nor his Brazilian counterpart Mauro Vieira was aware of any "official communication" on the matter.

The agreement would help the European Union export more vehicles, machinery, wines and spirits to Latin America. In return, it would facilitate the entry into Europe of South American meat, sugar, rice, honey and soybeans.

Some EU nations, such as Germany and Spain, are excited about a pact that could help boost exports at a time of global trade tensions.

But the proposed deal has provoked anxiety among farmers who fear they will be undercut by a flow of cheaper goods from agricultural giant Brazil and its neighbors.

Aside from Lula and Milei, Uruguayan President Yamandu Orsi and Paraguay's Santiago Pena were attending the summit in Foz do Iguacu, home to one of the world's largest waterfall systems on the border with Argentina.

Bolivia is the newest full member of Mercosur, but is not part of the trade deal.

(Y.Yildiz--BBZ)