About two weeks ago, the BRIC countries ( Brazil, Russia, India, China and South Africa) met in Washington to think about how they can help Europe to get out the debt crisis. The main goals for the BRIC countries is to
show that they are now major actors of the world economic system. It's really interesting to see how a country like Brazil, which received an urgent help of 30 billions from the IMF in 2002, is now a helping hand for Europe.
Brazil suggest two things :
- the BRIC countries should buy debt titles from european countries like Italy, Spain or Portugal
- the BRIC countries should more financially contribute to the IMF
But there are still disagreements between the BRIC countries. For example, China and India don't want to increase their contribution to the IMF because they consider that they are under-represented in this institution. The main difficulty for the BRIC countries is to share same views and to find a common position.
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