BRICS may help Europe out – Business LIVE
BRICS may help Europe out – Business LIVE.
BRICS may help Europe out
The BRIC (ex) presidents
The BRICS group of emerging markets may ramp up holdings of euro-denominated bonds in an effort to help European countries stuck in a sovereign debt crisis, Brazilian newspaper Valor Economico reported on Tuesday, citing an unnamed official. There was still “no firm dialogue” about that possibility, the newspaper said, noting that purchases may be limited to debt from the more financially solid European nations.
A decision could be taken later this month when finance ministers and central bank presidents from Brazil, Russia, India, China and SA meet in Washington, the newspaper added. Brazil’s finance minister, Guido Mantega, said the BRICS nations would discuss the eurozone problems next week. “We’re going to meet next week in Washington and we’re going to talk about what to do to help the European Union get out of this situation,” Mantega was quoted as saying.
However, central banks in Brazil and SA declined to comment on the story, the newspaper said.
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Richard Meijer
What I am doing: Besides running a privately hold real estate business I am blogging om MasterclassBrazil.com. MasterClass Brazil was set up to provide a one-stop source of deep-knowledge for the growing foreign business community in Brazil.
Why: Having been in Brazil for around 20 years, I have seen many big companies, expats and individuals failing miserably. I have burned myself once in Brazil, setting up ProgressOil, a company focused on the supply of Brazilian castor oil. I am now running a privately hold real estate business in Brazil.
From all these experiences I have learned a lot. Despite the fact that I speak the language reasonable well, have a strong network and understand the do's and don'ts better, I am absolutely not saying I am an expert or specialist. Everyday I am learning new things and I believe Brazil is changing in such a rapid pace that the only way to survive in Brazil is to generously absorb and understand the information available to you.
From my experience I have learned that there is a lot of information, facts and data about Brazil. I have set up MasterClassBrazil to structure this information so you can turn it in true knowledge, enabling you to be successful in your endeavors.
There is nothing in the world so rewarding as sharing expertise and knowledge.
Richard Meijer
