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this post was submitted on 31 Dec 2023
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Why doesn't south America agree on a single currency like the Euro?
The Peso. The Sol. The Amero.
Argentina and Brazil have apparently been looking at it https://www.reuters.com/markets/currencies/brazil-argentina-begin-preparations-common-currency-ft-2023-01-22/
I assume that the rest of Mercosur would be invited over time if it's successful
Some countries would need to stabilise their economies before this would be viable, Argentina in particular with the huge inflation and debt problems would be too much of a liability.
Yeah it seems an odd move from Brazil that Argentina is the one to start off with. It also feels like Brazil, being four fifths of the entire population and GDP of Mercosur, will unavoidably dominate it. But I won't pretend to know enough about South American politics to really comment further
Show me on the map exactly which policy was socialist.
Oh wait, you can’t because you’re just a conservative piece of shit 👍
I kinda like the name the Amero. Or the Merco. The Lollar (for Latino dollar) would be hilarious, but I'd support it!
If they named it lollar, I'd be willing to overlook the smaller details like political unviability, and fully embrace the project :D
Lol One can only dream!