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Unasur, looking at the EU, freezes project for common currency and central bank

Monday, June 13th 2011 - 16:25 UTC
Full article 11 comments

The Union of South American Nations, UNASUR has frozen the project for a common currency and Central Bank following on conclusions from the European Union experience (and crisis), said the Argentine representative before the organization. Read full article

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  • Wireless

    What? No mentioning of the British joining the European Union, yet rejecting the Euro and retaining GBP? Maybe we know more about financial money markets than people give us credit for, after all, we invented modern Banking.

    Maybe Argentina, if it can survive the volcanic ash that will certainly hit its Peronist Economy heavily, will model itself on the British, after all, we know best.

    Nah, it'll take the Argentine Final Collapse before anyone wakes up and realises they were living the Big Lie, in the meantime, sweet dreams eh?

    Jun 13th, 2011 - 05:58 pm - Link - Report abuse 0
  • yul

    Certainly that Tango ...Samba...Mambo...Rumba...Salsa...Çaça...
    Rock/Roll...Country...British seesaw disco dances...are incompatible
    with each other...

    An advice to Unasur countries...
    occlude your British originated “” Money Laundering “” routes !

    Jun 13th, 2011 - 07:32 pm - Link - Report abuse 0
  • Think

    1) Wireless

    Just how many times do you, Mr. Wireless wish to publicly embarrass yourself?

    Last time you said:
    “The Commonwealth of England, was the World's first Republic.”
    ...............Wrong by about 500 years

    You now say:
    “We invented modern Banking.”
    ................Wrong again by at least a couple of hundred years
    http://www.mint.com/blog/trends/the-five-oldest-banks-in-the-world/

    You Sir are not only a Turnip….. You are an ignorant Turnip

    Jun 13th, 2011 - 08:49 pm - Link - Report abuse 0
  • Forgetit86

    Ignorance is the least of his problems. His main issue is that all too clear bitter desperation.

    Jun 13th, 2011 - 08:57 pm - Link - Report abuse 0
  • briton

    Another nail perhaps.
    Are you looking at a future united state of South America,
    With Washington as the future capitol perhaps.
    Just a thought .

    Jun 13th, 2011 - 11:18 pm - Link - Report abuse 0
  • Redhoyt

    ” .... Banking in the modern sense of the word can be traced to medieval and early Renaissance Italy, to the rich cities in the north like Florence, Venice and Genoa. The Bardi and Peruzzi families dominated banking in 14th century Florence, establishing branches in many other parts of Europe.[2] Perhaps the most famous Italian bank was the Medici bank, set up by Giovanni Medici in 1397.[3] The earliest known state deposit bank, Banco di San Giorgio (Bank of St. George), was founded in 1407 at Genoa, Italy. ....”

    http://en.wikipedia.org/wiki/Banking

    and so says the Great God Wiki :-)

    Jun 14th, 2011 - 12:42 am - Link - Report abuse 0
  • Forgetit87

    Even RH is now taking a swipe at Thoughtless?

    Jun 14th, 2011 - 12:53 am - Link - Report abuse 0
  • Kirk Nelson

    I am sorry, but I do not get it.
    One Central Bank and one Currency; so far so good.
    “ A common currency is the last step.................”
    What? Are you serious?

    The common currency is the core of this financial and regional integration.

    Can someone help me on this please?

    Kirk Nelson,
    New York, USA

    Jun 14th, 2011 - 01:05 am - Link - Report abuse 0
  • Fido Dido

    One Central Bank and Once Currency. That idea is so far dead (frozen)..what is good news. I hope Argentines, Brazilians and more are simply against it, because it's a terrible idea, as I typed before, it's going to end like the EURO (It won't work).

    Jun 14th, 2011 - 02:11 am - Link - Report abuse 0
  • GeoffWard

    Separate rates of development, separate monies and valuations, convergence & conflations at an appropriate time.
    Not a process to be rushed.

    Jun 14th, 2011 - 11:04 am - Link - Report abuse 0
  • briton

    one size fits all, just does not work
    you would be walking into a straight jacket,

    Jun 14th, 2011 - 09:10 pm - Link - Report abuse 0

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