IDEAS home Printed from https://ideas.repec.org/a/aio/aucsse/v1y2011i39p206-210.html
   My bibliography  Save this article

Is It Possible For Europe To Get Help From Brics Countries?

Author

Listed:
  • Mihai Dragu

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

Within the second decade of the month of September 2011, the Brazilian finance minister Guido Mantega advanced the idea that BRICS countries could offer help to Europe either through the International Monetary Fund or by buying up European bonds. Is this help hiding an interest from the BRICS countries side? I believe it is, because the European authorities have created a financial crisis that is already slowing the world economy and could potentially have even worse effects. In my opinion, this could hurt BRICS countries, including Brazil. I do believe that if the BRICS countries really want to give a hand to Europe, they can, eventually, offer zero or low interest loans in hard currency to the troubled countries. If this move is done correctly, it would allow to those damaged countries to escape the harmful conditions that the European authorities are imposing on them. Of course, Greece would have to default on a lot of its debt to take advantage of this alternative, but the other countries would not. In this way, the BRICS countries could help save Europe from this incompetence of their policymakers!

Suggested Citation

  • Mihai Dragu, 2011. "Is It Possible For Europe To Get Help From Brics Countries?," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(39), pages 206-210.
  • Handle: RePEc:aio:aucsse:v:1:y:2011:i:39:p:206-210
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/AUCSSE/0039v1-031.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jayati Ghosh & Peter Havlik & Marcos Poplawski-Ribeiro & Waltraut Urban, 2009. "Models of BRICs' Economic Development and Challenges for EU Competitiveness," wiiw Research Reports 359, The Vienna Institute for International Economic Studies, wiiw.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ion Rosu-Hamzescu & Niculina Rosu-Hamzescu, 2011. "The Part Of Brics Countries In International Trade Exchanges," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(39), pages 124-131.
    2. Lukáš Melecký & Michaela Staníčková & Jana Hančlová, 2019. "Nonparametric Approach to Evaluation of Economic and Social Development in the EU28 Member States by DEA Efficiency," JRFM, MDPI, vol. 12(2), pages 1-34, April.
    3. Altin Tanku, 2012. "The impact of China and Russia on catching up in South-Eastern Europe," Chapters, in: Ewald Nowotny & Peter Mooslechner & Doris Ritzberger-Grünwald (ed.), European Integration in a Global Economy, chapter 15, pages 157-176, Edward Elgar Publishing.
    4. Syriopoulos, Theodore & Makram, Beljid & Boubaker, Adel, 2015. "Stock market volatility spillovers and portfolio hedging: BRICS and the financial crisis," International Review of Financial Analysis, Elsevier, vol. 39(C), pages 7-18.
    5. Wang, Ningli & You, Wanhai, 2023. "New insights into the role of global factors in BRICS stock markets: A quantile cointegration approach," Economic Systems, Elsevier, vol. 47(2).
    6. Tausch, Arno, 2013. "The hallmarks of crisis. A new center-periphery perspective on long cycles," MPRA Paper 48356, University Library of Munich, Germany.

    More about this item

    Keywords

    BRICS; global crisis; emerging economies;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:aucsse:v:1:y:2011:i:39:p:206-210. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anca Bandoi (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.