Mercosur on the rocks
The many crises among individual member states are putting South America’s common market in jeopardy, but it had never really taken off.
- Friday, 28 April 2017
The year 2016 marked the 25th anniversary of the South American common market known as Mercosur. But it was also the year in which the organization officially entered a crisis. Mercosur finds itself in a complex situation, fuelled by internal political turmoil and the centrifugal impulses of its members. This predicament is putting a strain on the organisation which, if let unsolved, might even lead to its dissolution. The first front in this crisis involves Venezuela. At a press conference last year, Mauricio Macri, the president of Argentina, stated that Mercosur would be much better off without Venezuela. He spoke bluntly about the most recent member to join the economic bloc, taking a stance which openly revealed the crisis occurring inside Mercosur.