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Economists laugh at the idea of a common currency in South America

Some of the world's leading economists have ruled out creating a common currency for Argentina and Brazil, saying the idea pushed by the presidents of both countries faces too many practical hurdles to become a reality.

Mohamed El-Erian, chief economic adviser at Allianz SE and a Bloomberg Opinion columnist, wrote on Twitter that South America's two largest economies are not in a position to make the . . .

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