Governments of countries in the Americas are relying on the passage of time and a relatively peaceful political atmosphere to sort out the unprecedented institutional situation in Venezuela, whose ailing president Hugo Chávez is out of the country, while the executive team tasked with carrying out his former mandate continues in office.
Colombia has suffered an internal armed conflict for so many decades that it almost amounts to a "forgotten crisis" for external donors. But the president of neighbouring Venezuela, Hugo Chavez, is well aware of the conflict, and understands that it destabilises Latin America, where centre-left governments proliferate.
A lot of water has passed under the bridge in Latin America since Hugo Chávez first took office as president of Venezuela in 1999, with left-wing and centre-left governments coming to power and the emergence of paths toward integration that exclude the United States.
While Hugo Chávez is being treated for serious illness in Havana, the premise of government "continuity" is winning out in his home country, along with plans to postpone his swearing-in ceremony for a new term as president of Venezuela, due to take place on Thursday Jan. 10.
People in the streets and squares of the Colombian capital are breathing easier. The air is fresh with hope, in contrast to the former leaden and fearful atmosphere of eternal violence and interminable conflict.
A growing number of international lawsuits has highlighted an emerging global crisis: the nature and effects of investment treaties signed between governments, which are allowing private companies and investors to sue countries for millions or even billions of dollars.
When 12 Colombian soldiers were killed by FARC insurgents a stone's throw away from the northern border with Venezuela, the consequences included military cooperation that reinforces the political, diplomatic and trade-related links that have developed over the past two years between Colombian President Juan Manuel Santos and Venezuelan President Hugo Chávez.
China is looking to Latin America to experiment with the yuan, or renminbi, to replace the dollar, taking advantage of the growth in Chinese trade and investment in this region. But because the volume is still insignificant, it is not yet clear what impact the currency will have on economies in the region.