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European Central Bank says it has ‘much to learn’ from Latam robust financial systems

Monday, December 10th 2012 - 18:48 UTC
Full article 10 comments

The Vice-president of the European central bank Vitor Constancio said the EU has much to learn from Latin America which has coped with successive economic and financial crises and has managed to create robust financial structures which have made the region’s system even more resistant to outside shocks. Read full article

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  • ProRG_American

    It is written!

    Dec 10th, 2012 - 06:56 pm - Link - Report abuse 0
  • slattzzz

    no what he's saying is LATAM except Argentina because no ones going to send their capital to argentina are they Sussie

    Dec 10th, 2012 - 07:01 pm - Link - Report abuse 0
  • TipsyThink

    presumably, Vitor is drúnk like me ,
    We European never saý this words that saying of côpying from otherš.
    We are No:1 écon power in the world as Eurozone..
    also all Latin American čoúntries are commoditý čountries but wě are not.

    Dec 10th, 2012 - 07:26 pm - Link - Report abuse 0
  • Pugol-H

    Given the state of the Euro/Eurozone there is probably quite a lot the ECB could learn from S. America.

    Albeit how not to do things.

    Dec 10th, 2012 - 07:43 pm - Link - Report abuse 0
  • Pirate Love

    i wonder if they call argentinas real %25+ inflation a success?? or the nationalization of YPF and its lack of investment?? or the situation with the holdouts and Argentinas upcoming DEFAULT?? or maybe they are talking about the genereal strikes and pot banging sessions, the power cuts, the transport failures a regular occurence in Argentina?? not forgetting the ever so popular “Dollar clamp”, maybe they mean Argentinas mounting global complaints about import restrictions at the WTO, or the daily cost of the argentine basic food basket?? or about Crustina trying to silence the free press Clarin?? or maybe any repurcussions following the IMF RED card??

    Now I know what they mean when The European Central Bank says it has ‘much to learn’ from latam, they mean argentina and learn from their mistakes :))))

    SELF-DETERMINATION,

    Dec 10th, 2012 - 07:47 pm - Link - Report abuse 0
  • Conqueror

    @1 How to get 25% inflation. How to make your money worthless. How to amass amazing levels of debt. How to attempt to wriggle out of repaying debts. How to spend every day lying, cheating, stealing.

    A goal for Europe?

    Dec 10th, 2012 - 08:30 pm - Link - Report abuse 0
  • slattzzz

    don't forget robbing people of their pensions conq

    Dec 10th, 2012 - 08:48 pm - Link - Report abuse 0
  • ProRG_American

    7 slattzzz (#) “don't forget robbing people of their pensions conq”

    You mean “saving people their pensions from shaky Spanish and European investments to be used within Argentina for Argentine needs.”

    Dec 10th, 2012 - 11:03 pm - Link - Report abuse 0
  • briton

    President of the European central bank Vitor Constancio said the EU has much to learn from Latin America

    A damming statement of European greed and incompetence,

    Still,
    They did say, pigs cant fly,
    But with all that bail out money, [why bother]
    Just go by plane.lol.
    .

    Dec 11th, 2012 - 11:31 am - Link - Report abuse 0
  • Simon68

    Please note, Don Vitor Constancio met with people from Chile, Uruguay, México, Peru, Colombia and Brazil. He did not meet with anyone from Argentina, Ecuador, Bolivia or Venezuela. In other words he met with those that are doing things right!!!!!!!

    Dec 11th, 2012 - 05:59 pm - Link - Report abuse 0

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