Earlier we know that the Bank of South is formed in Latin America to get rid of the IMF of World Bank. Thats a great news so far as the unity of South American countries are concerned against capitalist west. Here is an wonderful interview of Chomsky.
Marxist.com reports on Fernando lugo:
...A self-confessed "Bishop of the Poor," Fernando Armindo Lugo Méndez is a former Roman Catholic priest of 30 years. He will be sworn in as President 31 years to the day of his ordination, which he had to renounce on January 11th 2005 before he could, in his own words, collaborate in "the search for solutions to the country's problems."...
in Wikipedia
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