Good morning! This week, we are covering the “Latin America Spring.” Argentina has a new president-elect: what does it mean for Brazil. How Brazilian markets performed. Also, what you should be looking out for this week—and the most important facts of the previous seven days. (This newsletter is for platinum and gold subscribers only. Become one now!)
Latin America’s veins are wide open
One million people protesting in Chile. A contested election in Bolivia. Violent protests in Ecuador. Venezuela continues to crumble. Argentina has just finished a highly polarized election. In Peru, the president and Congress are at war. In Brazil and Mexico, stagnant economies pose a risk for the near future. And rampant violence has plagued Central America. It is certainly a time of tension for Latin America.
Why it matters. With most countries in the region facing turmoil, we should expect more political fragmentation and less cooperation between governments — which could reduce their capacity to tackle common problems.
A sample of the lack of dialogue between the left and the right in Latin America is the Brazilian government’s decision not to recognize the electoral result in Bolivia, calling the re-election of left-wing Evo Morales “suspicious.”
Big expectations;...