EurActiv.com

EU news and policy debates across languages

27/09/2016

Emerging economies to help stabilise euro

Topic: BRICS


Global Europe 01-07-2016

Mogherini's new Global Strategy offers lighthouse for EU in uncertain waters

While all Europeans have become hostages of the Brexit talks, the Union’s High Representative for Foreign Affairs Federica Mogherini on Tuesday (28 June) offered a reassuring project for angry and worried European citizens, writes Damien Helly.      
Europe's East 08-07-2015

Putin hosts BRICS summit amidst standoff with the West

Russian President Vladimir Putin is to meet world leaders today (8 July) including China's Xi Jingping and India's Narendra Modi ahead of the start of a summit of the BRICS emerging economies.
Development Policy 16-07-2014

BRICS launch ‘New Development Bank’

Leaders of the BRICS emerging market nations launched a $100 billion (€73.5 billion) development bank and a currency reserve pool yesterday (15 July) in their first concrete step toward reshaping the Western-dominated international financial system.
Euro & Finance 02-09-2013

BRICS bank project struggles with ‘difficulties’

The BRICS bloc of large, emerging economies has agreed on the structure of a proposed development bank with $50 billion (€37.8 billion) in capital, but ironing out "difficult" details may take months, Russian Deputy Finance Minister Sergei Storchak said.
Development Policy 02-04-2013

BRICS countries dump the euro, establish bank

The grouping of the emerging economies – Brazil, Russia, India, China and South Africa (BRICS) – are cutting their foreign currency reserves in euro, having sold €45 billion of the currency in 2012, according to data gathered by the International Monetary Fund.
Euro & Finance 23-09-2011

No help from the BRICS in eurozone debt crisis

By stating their willingness to help the crisis-hit eurozone, emerging powers – Brazil, Russia, India, China and South Africa – stressed once more their key role in world geo-economics and politics. However, the BRICS remain too different to define common interests and should not have a centre-stage role in Europe's crisis, writes Susanne Gratius from the Madrid-based think-tank FRIDE.
Euro & Finance 23-09-2011

BRICS offer help to euro zone with strings attached

Major emerging nations yesterday (22 September) said they may lend money to the International Monetary Fund or other global financial bodies to increase their firepower for fighting financial crises, but they could ask for more voting powers in the IMF.
Euro & Finance 14-09-2011

Emerging economies to help stabilise euro

The BRICS nations of Brazil, Russia, India, China and South Africa are meeting next week in Washington to coordinate a proposal to offer assistance to the European Union in overcoming its fiscal difficulties, according to Brazilian government officials.