Brazil says BRICS offer conditional help to Europe |
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December 2, 2011
Major emerging economies will offer cash to help resolve Europe's debt crisis so long as they gain influence at the IMF and Europe does more to address its own problems, Brazil's economy chief said on Thursday.
Major emerging economies will offer cash to help resolve Europe's debt crisis so long as they gain influence at the IMF and Europe does more to address its own problems, Brazil's economy chief said on Thursday.
European leaders are scrambling for a definitive end to a spreading debt crisis that is dragging down global growth and could even spell the end of the 17-nation euro zone. Finance Minister Guido Mantega said Brazil and fellow BRICS nations were willing to boost their funding to the International Monetary Fund to counter the debt crisis, which is increasingly threatening their own economic growth.
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