EU Reaches Out to Latin America for Economic Help

November 17, 2012  •  From

On Friday, Latin American leaders met with their Spanish and Portuguese counterparts in Cadiz, Spain, for the annual Iberoamerican summit. The main topic on the agenda was Europe’s desire to enroll Latin American nations into helping Europe overcome its economic maladies.

Until recently, Latin American countries have largely been economic weaklings in need of aid. Now, however, the former European colonies are becoming stronger, and migration has reversed directions with many Europeans leaving their home countries for a better life in Latin America.

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