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In the first 1000 years of Christianity, the Orthodox Catholic Church and the Roman Catholic Church were one Church, because of this both churches share many things in common.
They agree on the divine and human natures of Jesus, the apostolic succession; The triple ministry of bishops, priests and deacons; The sinless life of the Blessed Virgin Mary and the honor that is due to her as the Mother of Christ; the invocation of the saints; The acceptance of the seven sacraments of faith; The confession of sins before a priest; The use of icons in worship; And the solemn celebration of the communion and affirmation of its sacrificial nature as identical to the sacrifice of Christ, where the Eucharistic bread and wine become the body and blood of Jesus Christ.
The answer is that adjusting to the end of the commodity boom, which benefited South America particularly, has taken longer than expected. Between 2003 and 2010 China’s industrialisation boosted demand for minerals, oil and foodstuffs. Commodity prices fell steadily between 2010 and 2015. As export revenue shrank, the region’s currencies weakened, curbing imports and pushing up inflation.
Latin America also faces a fiscal squeeze. The commodity boom temporarily boosted tax revenues. Too many governments spent, rather than invested or saved, this windfall. The primary fiscal deficit (ie, before interest payments) in the region as a whole increased from 0.2% of GDP in 2013 to 2.6% last year. In other words, public debt is rising. Many governments have started to retrench. Few are in a position to prime the pump of recovery.
C I believe is the answer
