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The left governments' detractors attribute these improvements to a "commodities boom," but this is just a fraction of the story. The region would never have seen such improvements in employment and poverty reduction if the International Monetary Fund (IMF) had still been calling the shots.
As for Europe's leaders, well, they have nothing to lose but their national dignity, which they don't seem to value very highly. But the world will be a better and safer place when more European countries, like most of Latin America, declare their independence from Washington.
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