Back

Weekly Report - 14 May 2009 (WR-09-19)

PARAGUAY: Itaipú provides further setback for Lugo

President Fernando Lugo failed to secure a favourable outcome for Paraguay regarding the renegotiation of the bilateral Itaipú treaty during a visit to Brazil last week. His Brazilian peer Lula da Silva refused to bow to Lugo's demands that Brazil either pay more for the hydroelectric energy it buys from Paraguay or allow Paraguay to sell its surplus production to third parties. Brazil's intransigence is another setback for Lugo after a series of paternity claims have dented his moral credentials. Lugo's weakening position just might prove to be an asset, however, if the Brazilian government decides it should bow to some of his demands to avoid political instability in Paraguay as behind-the-scenes talks continue.

End of preview - This article contains approximately 916 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.