German Chancellor Olaf Scholz announced a new expanded commodity partnership with Chile on Sunday, during a tour of South America that Berlin hopes will help secure greater access to critical minerals key to the transition to a green economy. Europe’s biggest economy has lagged behind in the race for critical minerals partly because of dislike […]
Tag: argentina
Ukraine, EU-Mercosur agreement and investments are the focus of the Scholz-Fernández talk
the war on Ukrainethe ratification of the free trade agreement between the European Union (EU) and the Southern Common Market (mercosur) and investments in projects of various kinds were the focus of the meeting held this Saturday between the German Chancellor, Olaf Schölzand the Argentine president, Alberto Fernandez. With this meeting, the head of the […]
Germany highlights the importance of concluding the EU-Mercosur agreement in a meeting with Fernández
The head of the government German, Olaf Schölzmet on Saturday in Buenos Aires with the Argentine president Alberto Fernandezin which they affirmed the importance of concluding the agreement between the European Union and the mercosur. “We agree on deepening bilateral trade relations and for this the agreement of the European Union (EU) with Mercosur is […]
Lula considers it “urgent” for Mercosur to close an agreement with the EU before negotiating with China
brazilian president Luiz Inacio Lula da Silva I consider “urgent and extremely necessary” that he mercosur close an agreement with the European Unionbefore negotiating a treaty with Chinaduring a visit to Uruguaya country that is advancing trade negotiations with Beijing on its own. “It is urgent and extremely necessary for Mercosur to reach an agreement […]
UN: Latin America and the Caribbean will grow by 1.4% in 2023
After growing at an estimated rate of 3.8% in 2022, this year the Latin American and Caribbean countries will experience a sharp slowdown. Latin America and the Caribbean will grow by only 1.4% in 2023according to calculations presented this Wednesday, January 25, by the United Nations Organization (UN), which warns of a rapid deterioration in […]
Why the plan for a South American currency does not make sense
“It is not far from the fact that El Salvador has adopted bitcoin”, said Kenneth Rogoffwho became chief economist at the IMF just in time to witness the macro devaluation of the Argentine peso in 2001. Olivier Blanchard, who took office a few years later, simply called it a “wild”. The Brazilian Finance Minister, fernando […]
Brazil and Argentina aim for common unity, not a single currency
Haddad’s comments on Monday were intended to dispel controversy after the presidents of Brazil and Argentina published an opinion piece saying they were renewing discussions on a common currency for financial and commercial transactions. The idea was met with skepticism by leading economists, who cited a lack of policy coordination and wide inflation differentials between […]
A common currency in South America? This is what economists say
Mohamed El-Erian, chief economic adviser to Allianz SE and columnist for Bloomberg Opinion, wrote on Twitter that the two largest economies in South America are not in a position to make the idea succeed given their current conditions and that the implementation of a common currency is “far from likely”. John Barrearan economist at the […]
Brazil seeks to promote Celac as a platform for Latin American integration
The VII Summit of Latin American and Caribbean States (CELAC) this Tuesday in Buenos Aires seeks to promote the integration of countries that are going through multiple political and economic crises, under the influence of the renewed drive of Brazil after the assumption of Luiz Inacio Lula da Silva. The meeting of this forum made […]
This is what analysts think about Argentina’s announcement of the repurchase of foreign debt
Analysts give their opinion on the Argentine economy after the Government announced the repurchase of external debt for more than US$ 1,000 million to improve the debt profile of the South American country, at a time when the country risk presents a significant drop. Inflationary pressures, which do not subside in 2023, and strong fiscal […]