Argentina President Cristina Fernández de Kirchner attended to the second and last day of the 19th Ibero-American summit that gathered the leaders of Ibero American countries.

The Argentine president was privileged with the closing speech as from today, Fernández de Kirchner will be granted with the Pro tempore presidency of the summit. Next year, Fernández de Kirchner will receive all leaders in Mar del Plata, Argentina as the summit will move to South America.

The President said that one of the next year's summit declaration will be the claim of sovereignty over the Malvinas Islands, as well as Georgias del Sur and Sandwich del Sur islands to the UK.

Cristina Fernández de Kirchner also mentioned that she is expecting "the Interamerican Development Bank (BID) to improve its credit capability."

Argentina's president was accompained by Foreign Minister Jorge Taiana, and the head of the CGT Labour confederation Hugo Moyano among others. The leaders Portugal, Aníbal Cavaco Silva; Chile, Michelle Bachelet; Perú, Alan García; Spain, José Luis Rodríguez Zapatero; and the Spanish King Juan Carlos were also part of the summit.

The leaders at the Ibero-American summit agreed to condemn Honduras' vote, won by opposition candidate Porfirio Lobo, and could put them at odds with Washington.

In a five points declaration accepted by all summit members, the Ibero American leaders agreed that "this summit firmly compromises with all democratic principles to prevent any attempt to destabilize any legitmately elected government."

Cristina Fernández de Kirchner addressed the summit over the Honduran situation and said that "Argentina has always preserved its position as condemning last June's coup", and informed that this same thought was shared by the summit members after very interesting discussions held.

The Argentine president also communicated that "constitutional President, Manuel Zelaya must be reinstated in his charge and stay there until the end of his administration."

The US State Department said the vote had met international standards of fairness and Washington "recognized the results," which meant Lobo would be the country's next president. It said the election was a significant but not sufficient step in efforts to restore democracy in Honduras.

Diplomatic heavyweight Brazil condemned last Sunday's vote even before the results were known, as did Argentina and Venezuela, while Colombia and some smaller states, including Panama and Costa Rica, supported the process.

Summit host Portugal conceded the issue was causing rifts.

"There are problems in promoting a consensus and a declaration on the Honduras situation," said Foreign Minister Luis Amado. "There are divergent positions over the political situation in Honduras and the impact of the elections."

"It (the election) is not legitimate," said Marco Aurelio Garcia, Brazilian President Luiz Inacio Lula da Silva's foreign policy adviser. "We don't recognize the elections."

Lula said that supporting the election could encourage other "adventurers" to stage coups in Latin America.