“Brazil should reassume the leadership of Mercosur and revive trade with its neighbors” – economist

"The European Union is a steel box. To be able to enter it, the country needs to bend, compress, and even suffer fractures, because of the fiscal policy requirements....Mercosur, on the other hand, is a rubber box. It adapts to the shape of the different countries. The gigantic asymmetries between them,are taken into account."

RIO DE JANEIRO, BRAZIL - According to economist Luciano Wexell Severo, the Southern Common Market (Mercosur) is going through one of the worst moments in its 30 years of existence, due to falling trade within the bloc and also because of Brazil's withdrawal from the group's leadership role.

"What Brazil exports to Argentina, Paraguay and Uruguay are mostly industrialized products. When this trade drops, as it is now, we lose income, jobs, taxes, science, technology. Even so, we have not seen the government mobilize to give Mercosur back its leading role," says Severo, professor at the Federal University of . . .

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