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| Caribbean-Latin America |
| South America launches rival to the IMF, World Bank |
| 2007-12-10 |
| BUENOS AIRES (AFP) - Six South American presidents on Sunday launched the Bank of the South, the region's answer to the World Bank and the International Monetary Fund as a source for development funds. Presidents Nestor Kirchner of Argentina, Luiz Inacio Lula da Silva of Brazil, Nicanor Duarte of Paraguay, Rafael Correa of Ecuador, Evo Morales of Bolivia and Hugo Chavez of Venezuela -- all political on the left or left of center -- signed the bank into being. "Motherland yes, colony no!" chanted a group of activists, most belonging to Kirchner's leftist Peronist party, who stood behind the presidents at the signing ceremony at the president's office. |
| Posted by:Seafarious |
| #7 Southern money is tied up in Northern economic regimes for a reason. For some reason Latin Americans have proven incapable of running their own economies so they are a bad investment. Perhaps if they let the Chileans run things... |
| Posted by: rjschwarz 2007-12-10 16:39 |
| #6 First nation that defaults, end of scheme. |
| Posted by: Redneck Jim 2007-12-10 15:25 |
| #5 'Aint as easy as it sounds, as they're about to find out. |
| Posted by: Redneck Jim 2007-12-10 15:15 |
| #4 From each according to his ability. To each according to his need. Your oil revenues are toast, Oogo. |
| Posted by: Seafarious 2007-12-10 12:28 |
| #3 Let's put our money where Hugo's mouth is... |
| Posted by: Grunter 2007-12-10 09:03 |
| #2 If the South American countries can find the monies to fund their own economic expansion, more power to them. I do have to wonder, though, how the honourable President Chavez will be able to invest money in other country's infrastructure even as there's no milk or meat on Venezuelan store shelves. JosephM, I suspect after some haggling Japan will pay what it takes to separate the US Marines from Japanese girls. Congratulations on the future expansion of your base! |
| Posted by: trailing wife 2007-12-10 07:39 |
| #1 ION, NOSI.ORG > WASHINGTON'S EASTERN SUNSET - THE DECLINE OF US POWER IN NE ASIA. Notsomuch USA going down as China, Japan, SK, etal. coming up. *STARS-N-STRIPES > NAVY OFFICIAL OUTLINES GUAM EXPANSION PLANS. Former NCTAMS now NTCS Finegayan to be the HQ for Marines coming from Okinawa - US Army also investigating areas for air-defense battery. But-t-t, a JAPANESE OFFICIAL > announces that COST FIGURES for Guam relocation given by USA to Japan is "TOO MUCH" for Japan to pay. |
| Posted by: JosephMendiola 2007-12-10 04:08 |