denominated "Pacha" ("earth" in Quechua language), however, except for the right of each country to suggest a name for the common currency. Defense policy The South American Defense Council (CDS) was proposed by Venezuela and Brazil to serve as a mechanism for regional security, promoting military co-operation. From the beginning Brazil, Argentina and Chile, the countries that took the leadership of the project, made clear that they did not intend to form a NATO-like alliance, but a cooperative security arrangement, enhancing multilateral military cooperation, promoting confidence and security building measures and fostering defense industry exchange. Colombia initially refused to join the defense council due to the strong military ties it has with the United States through the Plan Colombia. However, after reviewing the proposal they decided to join on 20 July 2008. Shortly following the signing by Colombia's president, President of Chile Michelle Bachelet appointed a working group to investigate and draft a plan for the new council. Finally, on 10 March 2009, the 12 nation members held, in Chile, the first meeting of the newly formed council. In mid-2010, UNASUR played a key role in mediating the 2010 Colombia–Venezuela diplomatic crisis. On 1 September 2010, the agency "UnasurHaití" was created to provide US$100 million in help to Haiti. Democracy On 26 November 2010, the Additional Protocol on Commitment to Democracy was signed in the city of Georgetown, Cooperative Republic of Guyana. The protocol derives from the mandate established in the Buenos Aires Declaration of 1 October 2010, which affirms that member states will not tolerate a challenge to institutional authority, nor attempt to strike a legitimately constituted civilian power, adopting concrete and immediate measures in case of breach of constitutional order. It is applicable "in the event of a breach or threat of a breach of the democratic order, of a violation of the constitutional order or in any situation that endangers the legitimate exercise of power and the observance of democratic values and principles." In the event of such a situation, the Council of Heads of State and Government or the Council of Ministers of Foreign Affairs may be convened extraordinarily by the Pro-Tempore Presidency of the Union, ex officio or at the request of the affected State or another member of UNASUR, to deliberate on the application of sanctions to the affected state. Among the political and diplomatic sanctions envisaged by the Protocol, the following stand out: