Market analysts are reacting with deep skepticism to a proposal floated by the leaders of Brazil and Argentina to launch a common currency. Economists say neither country is positioned to
By Julia Horowitz and Mia Alberti, CNN The two biggest economies in South America are starting talks to create a common currency. Analysts are skeptical. Brazil’s President Luiz Inacio “Lula” da Silva and Argentina’s President Alberto Fernández wrote in a joint piece published in Argentinian paper P…
The stage is set for a discussion on a single currency for South America's two largest economies at a summit in Buenos Aires on Tuesday. Both nations say a single currency could reduce "external vulnerabilities."
The "sur" is meant to achieve the nearly impossible: a common currency and economic integration for Argentina and Brazil, countries that don't even have a free trade agreement. But economists aren't convinced.
