South America to look at EU-type model

South American leaders have said they will set up a high-level body to examine the idea of setting up an EU-style regional union.

Bolivia's president Evo Morales finished a two-day summit of the South American Community of Nations by saying that he hoped that a such an economic bloc could become a reality within five years.

"We don't want it to take as long as with the European Union - 50 years to create. I hope it can take us less. Three, four, five years," said Mr Morales, accor...