European leaders, smarting from high unemployment and dismal approval ratings at home, spent the weekend meeting their Latin American counterparts in Santiago, Chile. One item on the agenda: urging their newly wealthy cousins in South America to invest in the old continent.

 

“There’s an enormous potential to intensify the investment flow from the region to Europe,” Spanish Prime Minister Mariano Rajoy told an audience of hundreds of business leaders from the European Union, Latin America, and the Caribbean. “Spain can play an important role as a natural entry point for Latin American companies to the European market.”