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RIO DE JANEIRO, BRAZIL - Mercosur, the Southern Cone trade bloc, suffered yet another blow on Friday, April 24th, when Argentina announced it had dropped out of ongoing negotiations with Canada, South Korea, Singapore, and Lebanon.

"Argentina explained that, for economic reasons, it could not sit at the trade talks at this time," says Paula Barboza, general coordinator of extra-regional trade negotiations at Itamaraty (Brazil's Foreign Ministry).

In the diplomatic arena, it is said that Argentina's hardship has reached such a point that lately the country has not been able to afford hotel fees for its diplomats to . . .

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