Latin America Banks on Independence

In These Times web-site has posted an article by Mark Engler about the creation of a new Bank of the South:

"Latin America Banks on Independence

The new Bank of the South shatters neoliberal economics

By Mark Engler

In the closing weeks of 2007, a region in revolt against the economics of corporate globalization issued its most unified declaration of independence to date.

On Dec. 9, standing before the flags of their countries, the presidents of Argentina, Bolivia, Brazil, Ecuador, Paraguay and Venezuela, along with a representative from Uruguay, gathered in Buenos Aires and signed the founding charter of the Banco del Sur, or the Bank of the South." (read more....)