- Title: ARGENTINA: Representatives discuss how to handle the global financial crisis
- Date: 26th November 2011
- Summary: BUENOS AIRES, ARGENTINA (NOVEMBER 25, 2011) (16:9) (REUTERS) VARIOUS OF ECONOMIC REPRESENTATIVES OF UNASUR POSING FOR PHOTOS
- Embargoed: 11th December 2011 12:00
- Location: Argentina, Argentina
- Country: Argentina
- Topics: International Relations,Economy
- Reuters ID: LVA11MDWFVAVWBCZONMLE0T1IWXE
- Story Text: Economic representatives from the Union of South American Nations (Unasur) met at a summit in Buenos Aires on Friday (November 25) to discuss how the region would face the global financial crisis.
With growing financial problems around the world, the economic heads came together in a city hotel to look at potential impact in the region and plan for the future.
Argentina's Vice-President, Amado Boudou, said the region was together striving towards a more sustainable future.
"What the economies needs is to get of debt, make themselves dynamic, grow, gain competitiveness, and, above all, incorporate the population into employment. We need economic sustainability, and political and social sustainability," said Boudou.
He added that they could not predict what lay ahead, but said that they were hoping that there might be benefits for the region.
"We don't have a good perspective and we are preparing ourselves, as Unasur, to replace the traction of demand from other [economic] centers with our own continent," said Boudou.
Unasur is made up of Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela. Mexico and Panama are observer states.
The Brazilian representative, Guido Mantega, was unable to attend the meeting because of "schedule reasons".
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