Related News
BRICS helps with debt
Source: Agencies |
September 20, 2011, Tuesday
|
Print Edition
Print Edition
THE BRICS emerging market economies have already bought debt via the European Financial Stability Facility and could buy more, a potential help to struggling eurozone countries, a Brazilian newspaper said yesterday.
"We're very pleased to see already some BRICS countries investing in our debt," Christophe Frankel, CFO of the EFSF, told Valor Economico, Brazil's financial daily.
"This represents a very interesting diversification in our investor base," he added.
Brazil's central bank and finance ministry declined to comment.
The BRICS includes Brazil, Russia, India, China and South Africa - major emerging economies whose growth has made them stand out, even as developed nations struggled.
The eurozone is facing rocky economic prospects, with debt problems in Greece and elsewhere threatening the monetary union's survival.
The EFSF has already held a number of teleconferences with BRICS central banks, Valor Economico reported.
"We're very pleased to see already some BRICS countries investing in our debt," Christophe Frankel, CFO of the EFSF, told Valor Economico, Brazil's financial daily.
"This represents a very interesting diversification in our investor base," he added.
Brazil's central bank and finance ministry declined to comment.
The BRICS includes Brazil, Russia, India, China and South Africa - major emerging economies whose growth has made them stand out, even as developed nations struggled.
The eurozone is facing rocky economic prospects, with debt problems in Greece and elsewhere threatening the monetary union's survival.
The EFSF has already held a number of teleconferences with BRICS central banks, Valor Economico reported.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
