Giorgio Malfatti di Monte Tretto
Venezuela was the last outpost of the Socialist model in Latin America. A utopic dream carried on by Hugo Chavez at the cost of the future of his country, now gripped in a dangerous escalation of violence, poverty and crime that risks tearing the country apart, transforming it into a Latin American Somalia.
The economic embargo has long forced Cubans to trim any expectations of material wealth. Now they can dream of living like their compatriots in the United States.
As Latin American economies continue to grow, it is important for Europe to renew its relationships with them through bi-regional agreements. This will allow both regions to become more integrated in the competitive new knowledge-based economy.