Quico says: In a feat of unparalleled economic mastery yesterday, Hugo Chávez proposed a new international currency to be backed by underground oil reserves: the Petro. Canadian Prime Minister Stephen Harper immediately countered with his own proposal – the Glacio – while Algeria, Mauritania, Burkina Faso, Lybia and Egypt joined forces to promote their preferred alternative: the Sandio. Reports suggest that, at this week’s G20 meeting in London, Cristina Fernández de Kirchner, too, will propose a currency: the Ego.
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