BRASILIA - The BRICS major emerging markets are in preliminary talks about increasing their holdings of euro-denominated bonds in a bid to help ease the European debt crisis, a senior Brazilian government official told Reuters on Tuesday.
The talks are still in a "preliminary stage," said the source, who asked not to be identified because the negotiations are ongoing. The BRICS group comprises Brazil, Russia, India, China and South Africa
The official said any action would not involve "the majority" of countries' reserves, but did not provide additional details.
Brazilian Finance Minister Guido Mantega said finance ministers and central bank presidents from the BRICS members would discuss the euro zone crisis at a Sept. 22 meeting in Washington.
"We're going to meet next week in Washington, and we're going to talk about what to do to help the European Union get out of this situation," Mantega told reporters in Brasilia.
Before the meeting, Mantega intends to discuss proposals with his BRICS colleagues by telephone, said another Brazilian source with direct knowledge of the issue.
Brazilian financial newspaper Valor reported earlier Tuesday that purchases could be limited to debt from the more financially solid European nations.
The euro zone debt crisis has roiled global markets for more than a year, with speculation mounting recently that Greece could default or even exit the 17-nation euro zone monetary union.
Read more: http://www.vancouversun.com/business/BRICS+weighs+buying+euro+denominated+debt+Source/5396641/story.html#ixzz1XwmWZnTG
hostgator coupon 2011
No comments:
Post a Comment