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Argentina formally announces it won't join the BRICS alliance in Milei's latest policy shift (apnews.com)
submitted 2 years ago by to c/worldnews@lemmy.ml
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[+] 14 points 2 years ago* (last edited 8 months ago) (8 children)
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  • [–] 21 points 2 years ago (2 children)

    Argentina and Brazil have apparently been looking at it https://www.reuters.com/markets/currencies/brazil-argentina-begin-preparations-common-currency-ft-2023-01-22/

    I assume that the rest of Mercosur would be invited over time if it's successful

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  • [–] 13 points 2 years ago (1 child)

    Some countries would need to stabilise their economies before this would be viable, Argentina in particular with the huge inflation and debt problems would be too much of a liability.

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  • [–] 3 points 2 years ago

    Yeah it seems an odd move from Brazil that Argentina is the one to start off with. It also feels like Brazil, being four fifths of the entire population and GDP of Mercosur, will unavoidably dominate it. But I won't pretend to know enough about South American politics to really comment further

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  • [+] -8 points 2 years ago* (4 children)
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  • [+] 3 points 2 years ago* (last edited 8 months ago) (2 children)
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