trending Market Intelligence /marketintelligence/en/news-insights/trending/Z2vgmWxuHeqgmJFF300XQA2 content esgSubNav
In This List

Mercosur trade bloc to suspend Venezuela 'indefinitely': Report

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Mercosur trade bloc to suspend Venezuela 'indefinitely': Report

The South American trade bloc Mercosur will meet Aug. 5 to suspend Venezuela indefinitely and disallow it from rejoining until it restores democracy, Reuters reported Aug. 3, citing a Brazilian government source.

Foreign ministers of Argentina, Paraguay, Uruguay and Brazil will meet in Sao Paulo, the official said.

The bloc had planned to apply the democratic clause at year-end, but decided to move the date forward following Venezuela's controversial election of a constituent assembly July 30 and the arrest of several opposition leaders by President Nicolas Maduro's government.

In December 2016, Mercosur temporarily suspended Venezuela over its failure to implement the bloc's norms and over alleged human rights abuses committed by the government.