The Mercosur Parliament, which was created in December 2006, will hold its inaugural session in Montevideo, Uruguay, beginning May 7. Paraguayan senator Alfonso Gonzalez Acuña will preside over 18 representatives from the five Mercosur member nations—Argentina, Brazil, Uruguay, Paraguay, and Venezuela. The Parliament will have an operational monthly budget of US $30,000 for its first year.
For more information, see here.