Reality check (Susanne Gratius,Global Europe)
22/10/2009"Global Europe" (Belgium). In its relations with Latin America, the EU should focus on global governance. Brazil is one of the winners of the financial crisis. Backed by a booming economy and being a stable democracy, the country now plays in the first league.
Brazil’s international upgrading has been consolidated by obtaining the 2016 Olympic Games for Rio de Janeiro, against the candidacy of Madrid. Brazil also replaced Spain as the world’s 8th economy.
The competition between Brazil and Spain illustrates the power shift between Europe and Latin America -- and the need to reform relations.
