Uruguay is the best place to live in Latin America according to the Legatum Institute fourth year index on quality of life conditions which ranks 110 countries world wide representing 90% of world population and 97% of the global economy. Read full article
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Disclaimer & comment rulesUruguay, like Switzerland, enjoys its higher standard of living from taking in money from its neighbors and placing it in secret accounts. This money is taken away from health and education budgets. Shame on Uruguay, Switzerland, and all other thieves.
Nov 10th, 2011 - 11:54 am - Link - Report abuse 0Just a correction Brazil is number 42 not 52.
Nov 11th, 2011 - 07:28 pm - Link - Report abuse 0Dorian #1 Perhaps the reason people from Argentina move their life savings to places like Uruguay, and invest them in normal accounts, has something to do with this:
Nov 12th, 2011 - 07:53 pm - Link - Report abuse 0'The central bank, which habitually buys dollars to build reserves and maintain a stable exchange rate, shifted gears in August to start selling more dollars.
It has spent about $1.7 billion this month to sustain a 7% to 8% annual depreciation of the peso to 4.265 per dollar this week from 3.95 at the start of the year.
The government expects the peso to weaken to an average of 4.4 in 2012, while private economists forecast it will slide to 4.8 to 5.1 per dollar by the end of 2012. The source of this statement, none other than:
** Market News International - Buenos Aires **
Clearly with your lack of grasp of economics you have no real money to save from CFK and her backhanding cronies. Wait until inflation reaches 35% from the present 28% and see what happens then to the 'boom' period you keep harping on about.
Dorian, you can't blame the Uru's for the neighbours not trusting their own financial systems. There are reasons enough to understand this...
Nov 14th, 2011 - 01:15 am - Link - Report abuse 0Commenting for this story is now closed.
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