Wednesday, June 20, 2012

BRICs Eye Joint Crisis Fund

BRIC countries are asking the IMF for greater voting rights, in exchange for contributing more money to the institution. However, BRICs are also discussing the idea of setting up a joint crisis fund amongst themselves in case their demands at IMF are not met.

1 comment:

Arvind said...

Fools! They want to *contribute money* to the Europeans and Americans so that they can feel a sense of bloated pride.