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The financial crisis surrounding the Euro has lead many to feel that supranational organizations and regional coalitions are more trouble than they are worth. The OAS (Organization of American States-which the USA is a part of) may dissolve and the CELAC might be it's successor. The CELAC's (Community of Latin American and Carribbean States) emergence shows that the United States "is declining in a region it once called its 'backyard.'" Spain is also diminishing in influence among its former colonies are forging new economic and political ties while Mexico and Brazil are exerting more regional influence.
The United States influence is delining in an area it called "its back yard". Along the financial crisis causing this, it has also begun to declin Spains influence in there former colonies as well. I think this could be a good thing as far these areas finally getting out from under other countires control even though they have been free for so long. But it could be bad because know that they are doing things on their own what will they do