The entire world is talking about the global financial crisis, and this certainly includes Argentina, who has just called for an emergency meeting of Mercosur to address their position on these problems. According to Mercopress, they want the Common Market Council to meet, enabling Foreign Affairs and Economy ministers from all participating nations to give their input. Already, the region is feeling the crisis. The Brazilian real dropping in value and the Argentine peso is falling against the dollar; all Latin American markets and currencies are affected by the weakening dollar, collapse of Wall Street, and general global instability. What can they do? Argentine Minister Jorge Taiana says that they must move quickly to prepare their economies for the “real life†effects of these still somewhat abstract problems.
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