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Argentina formally announces it won't join the BRICS alliance in Milei's latest policy shift (apnews.com)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 14 points 10 months ago (2 children)

Why doesn't south America agree on a single currency like the Euro?

The Peso. The Sol. The Amero.

[–] [email protected] 21 points 10 months ago (1 children)

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

[–] [email protected] 13 points 10 months ago (1 children)

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.

[–] [email protected] 3 points 10 months ago

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