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The Contrarian: Does Europe Matter Anymore?

How might Latin America fare in such a gloomy environment?  Surprisingly well thanks to its own fiscal and monetary discipline and an historic pattern of declining European trade and investment links. Many Latin Americans are proud of their European heritage and go to great lengths to sustain their cultural links to the old continent.  Fortunately for the region, their economic ties to Europe are far less sentimental.  In 2012, the EU-27 countries will buy only 12 percent of Latin America’s exports and will be responsible for less than 15 percent of foreign direct investment entering Latin America.  As the European […]
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