Larry King Transcript - Vicente Fox and the North American Union

CNN.com - Transcripts of Vicente Fox's appearance on Larry King Live:

"KING: E-mail from Mrs. Gonzalez in Elizabeth, New Jersey. 'Mr. Fox, I would like to know how you feel about the possibility of having a Latin America united with one currency?'

FOX: Long term, very long term. What we propose together, President Bush and myself, it's ALCA*, which is a trade union for all of the Americas. And everything was running fluently until Hugo Chavez came. He decided to isolate himself. He decided to combat the idea and destroy the idea...

KING: It's going to be like the euro dollar, you mean?

FOX: Well, that would be long, long term. I think the processes to go, first step into is trading agreement. And then further on, a new vision, like we are trying to do with NAFTA. "

* ALCA is the Área de Libre Comercio de las Américas - Free Trade Area of the Americas - FTAA.

Presidente Fox seems to be a bit confused, as per the White House:

"The White House this morning categorically denied that President Bush is considering or has ever considered agreeing to a common currency for the U.S., Mexico and Canada to rival the Euro.

'I can assure you that President Bush is not, and has not, given consideration to any other currency for the United States. Period,' said White House spokesman Tony Fratto in an e-mail.

The Washington Times first questioned White House press secretary Dana Perino about this yesterday, after watching a YouTube clip of former Mexico President Vicente Fox's comments on the Larry King Show Monday night.

Mrs. Perino said she had not heard anything about a common currency, but did not eliminate the possibility that Mr. Bush and Mr. Fox might have discussed such an idea in the past.

'I don't think that that's something we're actively considering,' she said"

Why would Vicente Fox be putting words in our President's mouth?