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Brazilian President defends single currency for South America

In the event attended by 11 South American leaders, President Luiz Inácio Lula da Silva (PT) defended regional integration and stressed the importance of Unasur.

Lula declared that the interests that unite the countries are more relevant than possible ideological differences.

This statement was a response to the criticism about the reactivation of the organ being related to a left-wing political tendency in the region.

He defended the idea that the nations adopt strategies to "deepen the South American identity also in the monetary area, through a more efficient compensation mechanism and creating a common reference unit for . . .

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