Latin America must unite to confront global economic crisis: Santos

[gbscar]

Latin America must unite to confront global economic crisis: Santos
Wednesday, 17 August 2011 15:05
Toni Peters

Colombian President Juan Manuel Santos invited countries of the region to unite in the face of market failings in a speech at the Economic Commission for Latin America and the Caribbean (ECLAC), financial publication Portafolio reported Wednesday

At the conference, Latin American financial ministers discussed channeling additional funds to counteract the negative effects the global economic crisis will bring to the region.

In relation to strong growth seen by many Latin American currencies, President Santos said that he is not in favor of taking a passive approach to the appreciation of currencies, which has decreased the zone's competitiveness in terms of exports. He called on the ECLAC to help coordinate regional policies of capital and currency flows.

Santos said the Colombian peso has appreciated greatly in comparison with other currencies in the region and that the relative stability of Latin America offers the opportunity to leave behind its economically turbulent past.

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http://www.colombiareports.com/colombia-news/economy/18398-latin-america-must-unite-to-confront-global-economic-crisis-santos-.html

[gbscar]

1. Colombia partners with Argentina to amp up economic potential

Colombia partners with Argentina to amp up economic potential
Thursday, 18 August 2011 09:57
Natalie Dalton

Colombia's President Juan Manuel Santos announced Thursday a partnership with Argentina to provide an economic boost and open new routes for foreign investment, business, and tourism in Latin America, reported Caracol Radio.

After arriving at the Argentine President Cristina Kirchner's office in Buenos Aires, Santos held a meeting with Kirchner and several business leaders and investors to elaborate their goal of expanding and strengthening the Argentine economy.

"More than 200 businesses are interested, and we see in Argentina an atmosphere that is ready for the investment of tourists and the expansion of aerial routes," said Trade Minister Sergio Diaz-Granados.

The Colombian government hopes that their businesses will have the same success in Buenos Aires that they have had in Chile. Santos will also be meeting with the Argentine president Thursday to explore the potential of new areas of investment in pharmaceuticals, combustibles, and agriculture.

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http://www.colombiareports.com/colombia-news/economy/18415-colombia-partners-with-argentina-to-amp-up-economic-potential.html

[naaman fletcher]

2. step 1, end the war on drugs. nt