Panama, one of the fastest growing economies in Latin America, wants to adopt the euro as legal tender to run alongside the country’s US dollar economy.
President Ricardo Martinelli made the request to German Chancellor Angela Merkel during a visit to Europe.
“Panama is a country where the currency in free circulation is the American dollar and I told the chancellor we are looking for mechanisms for the euro to become another currency of legal tender and for the euro to be accepted in the Panamanian market. We would be possibly the only country in the world to have two currencies- the euro and the dollar,” he said.
The president indicated he had every faith that the crisis in the eurozone would soon be at an end. Panama’s economy grew by 10.6 percent last year due to massive infrastructure spending.
- 1Britain’s economy slows as trade hit by global decline
- 2Spain’s solar energy firm Abengoa begins insolvency proceedings
- 3Summer tourism helps Spain’s economy grow more than other eurozone countries
- 4Copernicus: down-to-Earth opportunities for SMEs reaching for the stars
- 5Will anti-austerity Portugal become the new Greece?
- 1Russia-Turkey trade in question as Moscow to ‘reconsider’ ties with Ankara
- 2New 20 euro notes come into play on Wednesday
- 3Nestlé praised for admitting slave labour used in Thai supply chain
- 4Spain’s solar energy firm Abengoa begins insolvency proceedings
- 5Germany won’t lower minimum wage for migrants, says economy minister Gabriel
- 1Coordinated terror attacks leave dozens dead in Paris
- 2euronews live TV - News | euronews : the latest international news as video on demand
- 31000-year-old Bible found in Turkey
- 4Bomb and several shootings in central Paris – reports of fatalities and injuries
- 5International news | euronews, latest international news
- 6Police hunting Paris attacks mastermind battle with suspects in heart of Paris
- 7latest sci-tech news : euronews : the latest international news as video on demand
- 8European Union News | euronews: latest breaking news and headlines about European Union
- 9Thousands in Bucharest blame corruption for Friday’s nightclub blaze
- 10Hope vs harsh reality: challenges to global education goals in the 21st century
- 11New temporary spiritual leader of Muslim Brotherhood appointed
- 12world Weather | euronews: world ten day weather forecast
- 13‘Anonymous’ hackers’ group declares ‘war’ on ISIL
- 14Latest sport news
- 15‘Maxed-out:’ Jordan’s King Abdullah II’s frank warning over Syria crisis
- 16Middle East - News | euronews : the latest international news as video on demand
- 17International breaking news | euronews online world breaking news in video
- 18Romanians’ cold revolt against corruption
- 19Latest News Bulletin
- 20No Comment | euronews: international news images without commentary
latest economy news
Britain’s economy slows as trade hit by global decline
More shoppers go online for Black Friday bargains
Athens ‘agrees new measures’ to secure next bailout funds
Will anti-austerity Portugal become the new Greece?
Summer tourism helps Spain’s economy grow more than other eurozone countries
Wires > Business
- 01:43 CET BoE’s Vlieghe says ‘relaxed’ about waiting to hike rates
- 01:42 CET China’s shadow banking risk shifts to booming bond market
- 16:22 CET Lufthansa agrees on pay with ground personnel – Verdi union
- 05:58 CET Exclusive: Lazard works with Sanofi on $12.7 billion animal health…
- 23:58 CET Murdoch: Tribune papers likely to be sold, LA Times split off
- 21:48 CET Brazil to sue BHP, Vale for $5 billion in damages for dam burst
- 20:41 CET Britons head online in hunt for Black Friday bargains
- 19:49 CET Nissan board to discuss French Renault power struggle – paper