By Gabriel Galípolo and Fernando Haddad The Brazilian former President – and candidate for the upcoming elections in October, Lula da Silva has proposed “to end the dependency on the US dollar and crate a South American common currency”. With this statement, Lula has supported a concept presented by Gabriel Galípolo and Fernando Haddad. Galípolo is former President of the ...

With contribution from Douglas Bolivar, Caracas, Venezuela “We cannot depend on the US dollar. We will reestablish relations our relations with Latin America. And we will establish a common currency in Latin America.” This statement belongs to Luiz Inácio Lula da Silva. Lula has been President of Brazil between 2003 and 2011. He is expected to announce his official candidacy ...