South America bloc

There was an interesting event in South America – a meeting of the Rio Group happened in the middle of February as DW-World reports. What is interesting? The Latin American and South American countries have announced their intention to create a union similar to the EU in nature. This is a great answer to many problems connected with their northern neighbors.

See, the real integration like in EU is unlikely coming any time soon, the South American countries are far too independent and nationalistic for that. Not that it is a bad thing either. But, but, what is quite possible is that they can create a no-Visa-required travel space in the South and Latin America and organize a monetary union. Especially now that the US Dollar is in trouble and everyone and their neighbor is looking for an alternative to the USD trading, the South American monetary union could be very successful, especially if they manage to avoid the blunders with the local monetary policies like it happened so many times in the past.

If they succeed, South and Latin America may well become the newest place-to-be, the region could really develop into a more balanced and highly attractive place for business.

2 Comments

  1. Sounds interesting. It seems much easier than that of East Asian Union.

  2. Well, I do not know, maybe it is… They definitely have been at it for a long time already.

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