MNI BRIEF: Latam Companies Should Issue Debt In Euros -Escriva

Latin American companies which do significant trade with Europe should switch some of their issuance to euros, to avoid over-dependence on the dollar, Bank of Spain Governor Jose Luis Escriva said in an event on Thursday.

Effective tariff rates between Latin American countries and the EU are now lower than those with the U.S., Escriva noted. (See MNI INTERVIEW: Emerging Markets Less Sensitive To Fed Moves)