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

EUR -
AED 4.114333
AFN 72.820262
ALL 90.625134
AMD 404.80123
ANG 2.005114
AOA 1027.323983
ARS 1712.340161
AUD 1.596952
AWG 2.017958
AZN 1.910591
BAM 1.955616
BBD 2.258479
BDT 138.682553
BGN 1.958112
BHD 0.423177
BIF 3363.224275
BMD 1.12031
BND 1.432423
BOB 13.181292
BRL 5.64356
BSD 1.12134
BTN 106.252295
BWP 15.404173
BYN 3.315822
BYR 21958.072938
BZD 2.255179
CAD 1.57152
CDF 2594.637793
CHF 0.922177
CLF 0.027994
CLP 1101.679388
CNY 7.481485
CNH 7.477133
COP 3583.882393
CRC 511.77252
CUC 1.12031
CUP 26.910474
CVE 110.252683
CZK 24.273921
DJF 199.66413
DKK 7.47418
DOP 68.816305
DZD 150.858643
EGP 61.84379
ERN 16.804648
ETB 183.668638
FJD 2.520417
FKP 0.836867
GBP 0.83802
GEL 2.901936
GGP 0.836867
GHS 12.996302
GIP 0.836867
GMD 81.782865
GNF 9924.068492
GTQ 8.56954
GYD 234.557405
HKD 8.779297
HNL 30.099637
HRK 7.539122
HTG 146.922111
HUF 366.033178
IDR 20266.405074
ILS 3.487977
IMP 0.836867
INR 106.125999
IQD 1699.908722
IRR 2052827.75014
ISK 136.140046
JEP 0.836867
JMD 178.013291
JOD 0.794334
JPY 176.105971
KES 145.461773
KGS 97.97009
KHR 4561.755052
KMF 492.381482
KPW 1008.278816
KRW 1484.790775
KWD 0.347901
KYD 0.93445
KZT 502.313028
LAK 25239.644731
LBP 100414.908116
LKR 372.205064
LRD 191.17523
LSL 18.494107
LTL 3.307984
LVL 0.677664
LYD 7.183326
MAD 11.005767
MDL 20.138919
MGA 5084.72697
MKD 61.635526
MMK 2352.690103
MNT 4031.845367
MOP 9.054759
MRU 44.806794
MUR 52.789109
MVR 17.319826
MWK 1944.395594
MXN 20.948321
MYR 4.575394
MZN 71.58835
NAD 18.493034
NGN 1491.535624
NIO 41.267784
NOK 10.470517
NPR 170.003871
NZD 1.974272
OMR 0.430751
PAB 1.12134
PEN 3.852207
PGK 5.021529
PHP 71.10942
PKR 310.34287
PLN 4.375992
PYG 6429.396514
QAR 4.098506
RON 5.347577
RSD 117.512046
RUB 91.749702
RWF 1657.311009
SAR 4.193001
SBD 9.046031
SCR 15.487094
SDG 673.867346
SEK 11.113821
SGD 1.432002
SHP 0.837208
SLE 26.798095
SLL 23492.342196
SOS 640.865588
SRD 42.179106
STD 23188.15187
STN 24.498685
SVC 9.810904
SYP 14566.268236
SZL 18.490934
THB 37.779127
TJS 10.310646
TMT 3.932288
TND 3.341786
TOP 2.697437
TRY 55.597958
TTD 7.609591
TWD 36.471801
TZS 2963.211723
UAH 50.527757
UGX 4804.742004
USD 1.12031
UYU 44.95578
UZS 13351.746758
VES 985.636164
VND 28961.689926
VUV 132.954459
WST 3.102401
XAF 655.957
XAG 0.0203
XAU 0.000276061117
XCD 3.027694
XCG 2.020891
XDR 0.792117
XOF 655.957
XPF 119.331742
YER 264.486204
ZAR 18.494635
ZMK 10084.134734
ZMW 22.510791
ZWL 360.739313
SSP 6436.565401
MXV 2.364431
  • CMSD

    -0.0250

    19.6

    -0.13%

  • NGG

    1.8600

    82.64

    +2.25%

  • CMSC

    -0.0700

    19.6

    -0.36%

  • BTI

    1.5700

    60.47

    +2.6%

  • GSK

    1.1900

    51.21

    +2.32%

  • BP

    0.2000

    50.05

    +0.4%

  • BCE

    0.8300

    20.81

    +3.99%

  • JRI

    0.0600

    10.68

    +0.56%

  • BCC

    2.7000

    78.29

    +3.45%

  • RIO

    -2.7800

    84.14

    -3.3%

  • RBGPF

    -1.1000

    70.15

    -1.57%

  • RYCEF

    -0.3500

    17

    -2.06%

  • VOD

    0.2700

    16.12

    +1.67%

  • AZN

    4.1200

    172.57

    +2.39%

  • RELX

    1.4900

    40.62

    +3.67%

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.

G.Kuhn--NZN