The European Union member countries, for the most part, have a single common currency - the Euro. Since implementing the common currency, many member states have experienced different effects from having a single common currency - some positive, some negative.

Research and analyze MERCOSUR, a regional trade area encompassing Brazil, Argentina, Paraguay, Uruguay. Venezuela, although a full member, had it's membership suspended in late 2016; associate countries are Bolivia, Chile, Colombia, Ecuador, Guyana, Peru and Suriname.One of the discussion within MERCOSUR member countries is to adopt a single common currency to become a common market much like the European Union. What issues should they consider before they accept or reject a common currency? Should associate countries be included inthis endeavor or only include current member countries? Why or why not? Be specific.