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Showing posts with label BRICS. Show all posts
Showing posts with label BRICS. Show all posts

Sunday, April 7, 2013

‘BRICS Development Bank would shift the tectonic plates of geopolitics and geo-economics’

by rt.com
 













The BRICS Development Bank is the beginning of the end of the existing monetary management system, Asia Times correspondent Pepe Escobar told RT.

RT: There’s no doubt about it, these countries that form the BRICS, they haven’t got a lot in common have they? They’ve all got different styles of government indeed some of them are economic rivals. Are they really a group to be taken seriously?

Pepe Escobar: From now on yes, let’s say until this summit in Durban, there was a lot of political talk of course and the BRICS are basically an economic group in the making. Now it’s different, now they have clear sound, actual policies to be implemented.