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  • Bolivia's President Evo Morales (R) with his Paraguayan counterpart Horacio Cartes prior to a session of the Summit of Heads of State of Mercosur, Dec. 21, 2015.

    Bolivia's President Evo Morales (R) with his Paraguayan counterpart Horacio Cartes prior to a session of the Summit of Heads of State of Mercosur, Dec. 21, 2015. | Photo: Reuters

Published 21 December 2015
Opinion

Bolivian President Evo Morales argued that unity would protect the region against the global financial crisis.

Bolivia president Evo Morales called on the member countries of Mercosur to band together to ward off the destabilizing effects of the global financial crisis Monday.

Speaking at the Presidential Mercosur Summit in Paraguay, Morales warned “international markets cannot be trusted” and that countries whose economy depend on primary materials are particularly vulnerable.

"Morales: We have still not completely taken advantage of Mercosur's comprehensive stability."

He argued that price manipulation and gauging are strategies of a Western economic war “to widen international geopolitical control” over Latin America and undermine the socialist gains in the region.

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