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Venezuela's Mercosur Membership Is in Peril

Aug 8, 2016 | 14:54 GMT
Personnel raise the Mercosur flag in Caracas on Aug. 5. Expelling Venezuela from the trade bloc may not be as easy as its opponents suggest.
Personnel raise the Mercosur flag in Caracas on Aug. 5. Expelling Venezuela from the trade bloc may not be as easy as its opponents suggest.
(FEDERICO PARRA/AFP/Getty Images)

This year has been difficult for Venezuela, and it may soon become more difficult. On Aug. 5, the presidents of Brazil, Argentina and Paraguay met on the sidelines of the Summer Olympics' opening ceremony in Rio de Janeiro to discuss suspending Venezuela from the Mercosur trade bloc. The three leaders agreed to give Caracas until Aug. 12 to comply with the customs union's requirements for full membership before making their final decision....

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