Not just like the EU, as that was conceived and instituted as a specific response to a specific historical problem (how to prevent a repeat of WW2)
I know all this, I have extensive experience of latin america (travelling and doing business) going back 20 years, and the question is; what type of closer union? political, in which case how much surrender of sovereignty? monetary? free trade area? schengen-style?
Either way, mercosur has not once gained the commanding support of either people or big business, mainly because it started as a political talking shop, rather than an economic plan, and the political classes of S America don't have that glorious a history (Peron, angharita medina and modern day mavericks like morales, lula and chavez excepted)
c'mon, Brazil is NOT going to become the Germany of latin america, and the germans are none too keen on propping anyone up themselves, these days
I really, really can't see this happening, not given the current global economic situation. Brazil and venezuela have huge natural resource assets, but home-owned manufacturing still has a huge long way to go.
hey! snap!
e2a; also, the service sector, and new 'sunrise' industries, in a continent STILL primarily driven by agriculture, fishing etc, is a long way off rivalling that of Europe.