Oddone hails EU-Mercosur accord's 'civilisational approach' beyond commercial and economic interests
Summary
Gabriel Oddone, Uruguay’s Economy and Finance Minister, spoke at a Latin America forum about Uruguay’s social democratic economic model. He described the EU-Mercosur trade agreement as more than a trade deal, calling it a shared way to manage the economy and markets based on common values between Uruguay and Europe.Key Facts
- Gabriel Oddone is Uruguay’s Economy and Finance Minister and an economist.
- Uruguay follows a social democratic model focusing on welfare, fiscal responsibility, and reducing inequality.
- This approach contrasts with some Latin American neighbors adopting more right-wing economic policies.
- Oddone highlights Uruguay’s strong social safety net as a foundation for stability and prosperity.
- He describes the EU-Mercosur agreement as a “civilizational approach” beyond just trade.
- The pact reflects shared European and Uruguayan ideas on economic management and market regulation.
- Oddone says Uruguay’s political and cultural identity is more closely aligned with Europe than with the United States.
- Uruguay maintains good relations with neighboring countries despite political differences.
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