Tag "Luis Lacalle Pou"

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Economics Latin America

Mercosur’s Birthday Celebration Reveals a Path towards Irrelevancy

The risk of Mercosur becoming another failed attempt of regional integration in Latin America has been rising steadily in the last two decades and is likely to increase even more in the current scenario. The tension between leaders on Mercosur’s last summit demonstrates a lack of internal cohesion that will lead the bloc towards failure and irrelevancy.