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USA - New currency - Myth or reality?

Ex-President of Mexico Vincent Fox reported while visiting show of Larry King that President of USA George Bush plans to create new regional currency in the country.

This is the first time when somebody of the official bodies from Mexico, Canada or USA clearly reports about the plans of creation of single currency for the Northern America.

For the question of TV spectator "whether he considers a probable union of Latin America in the case of appearance of single currency", Fox said it is absolutely probable and admitted that President of USA and he agreed to create the agreement of free trade on the territory of both Americas, that assumes introduction of new currency.

Fox mentioned that President of Venezuela Hugo Chaves tries to contradict the introduction of new currency "Amero".

On the last week the Canadian economists reported that Amero during nearest 10 years can become the single currency for the Northern America, completely deleting Dollar.

It is necessary to admit that plans of economical integration are typical not only for Western countries. Not long ago the heads of African Union reported about the intension to form the single continental currency till 2010 - "Golden Mandela".

Let's remind that in March 2005 the heads of Canada, Mexico, and the USA adopted a Security and Prosperity Partnership of North America (SPP), establishing ministerial-level working groups to address key security and economic issues facing North America and setting a short deadline for reporting progress back to their governments. President George Bush described the significance of the SPP as putting forward a common commitment "to markets and democracy, freedom and trade, and mutual prosperity and security." The policy framework headed by the three leaders is a significant commitment that will benefit from broad discussion and advice. The Task Force is pleased to supply specific advice on how the partnership can be pursued and realized.

Task Force proposes the creation by 2010 of a North American community to enhance security, prosperity, opportunity. Community based on the principle affirmed in the March 2005 Joint Statement of the three leaders that "our security and prosperity are mutually dependent and complementary"was proposed.



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