Brazil's Lula backs a common currency for trade between Mercosur countries

  • Comments from Brazil's Lula
Mercosur
  • There is room for Mercosur to increase trade with Chile, Colombia, Ecuador and Peru
  • Committed to completing EU trade deal, but some proposals by EU are 'unacceptable'
  • In advance talks for deals with Canada, South Korea and Singapore

A common currency is an interesting idea but I can't imagine how Argentina would make it work with its extreme debt burden and serial defaults.

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