Certain pros and cons will undoubtedly arise - for Chile and others.
g~j wonder about the single currency...
Which shall surely arise with Unasur - sooner or later...
Now THAT is going to be VERY interesting...
But where, pray tell, will the USD and the EURO be?
(and dare we say the AMERO)...
(or dare we say the ASEAN currency in the future pipes)...
Perhaps ALL languishing and/or (d)evolving in the same time-frame
Stay tuned to the (future) whirld of regional unions and new/improved fiat currencies
And just remember... they're all made of paper... and we know what that's worth
Chilean Senate approves Unasur charter with two caveats
The Chilean Senate finally approved the Union of South American Nations, (Unasaur) creation charter thus ending the legislative chapter. The bill now goes to the Executive for its promulgation.
The initiative was originally presented in September 2008 by then President Michelle Bachelet, and approved by the Lower House in January 2009. But since then the bill was stalled in the Senate because of certain apprehensions from conservatives. Basically they are mistrustful of Venezuela’s president Hugo Chavez.
However to overcome mistrust, the Chilean Senate managed to incorporate an agreement for the government to include two additional protocols: one referred to the democratic clause (as with Mercosur) and a second which demands full commitment with human rights from member states.
The final vote was 25 ayes and one abstention.
Hernán Larrain president of the Senate Foreign Affairs committee said that the vote for the incorporation to Unasur of Chile confirms the “integration spirit that we Chileans as a country have and the need to act as a region in the world economic scenario”.
“The community of South American nations will boost development in Chile and we must also cooperate with the development of the remaining countries in the region”, added Larraín. “There are benefits in time, and they will be very significant since progress in Chile is not dissociated from what happens in the rest of Latin America”.
Unasur was born with the Declaration of Cuzco (Peru) in 2004 and currently has twelve member countries: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Peru, Paraguay, Surinam, Uruguay and Venezuela.
The Unasur creation charter has been ratified so far by the parliaments of Argentina, Bolivia, Ecuador, Guyana, Peru and Venezuela. For it to become effective a minimum of nine ratifications out of 12, are needed.



