Brazil’s Lula backs a common currency for trade between Mercosur countries | Forexlive

• There is room for Mercosur to increase trade with Chile, Colombia, Ecuador and Peru
• Committed to completing EU trade deal, but some proposals by EU are ‘unacceptable’
• In advance talks for deals with Canada, South Korea and Singapore

A common currency is an interesting idea but I can’t imagine how Argentina would make it work with its extreme debt burden and serial defaults.