Saturday, December 6, 2008

AFP: Central American leaders agree on common currency

"The presidents of Honduras, Guatemala, El Salvador and Nicaragua, and representatives from Costa Rica, Panama, Dominican Republic and Belize also agreed Friday on a 41-point economic blueprint to help the region weather the current global financial storm.

'At this time, the financial system is undergoing a very deep crisis that directly affects our countries. The most vulnerable economies, the societies with the highest rates of poverty, logically, are the first to suffer,' Honduran President Manuel Zelaya said at the summit opening."

It's not protectionism, it's regionalism. What's the difference? We shall see.

No comments: