Brazilian finance minister Guido Mantega said that resolving Europe’s economic problems are likely to drag out over coming years due to a complex and slow process of decision-making in the region and recommended emerging economies to promote domestic consumption and trade among them. Read full article
Comments
Disclaimer & comment rulesHis advise are the wisest words I heard in the past 10 years.
Sep 19th, 2012 - 10:20 pm - Link - Report abuse 0More common sense rather than wise, why wait for a lagging economy if yours is thriving.
Sep 20th, 2012 - 09:52 am - Link - Report abuse 0Can`t argue with common sense.
Sep 20th, 2012 - 10:30 am - Link - Report abuse 0Comment removed by the editor.
Sep 20th, 2012 - 10:36 am - Link - Report abuse 0'Don’t wait for the end of the EU crisis: boost trade among emerging economies, recommends Brazil' (Mantega)
Sep 20th, 2012 - 02:13 pm - Link - Report abuse 0The UK, in particular, would be very pleased to develop powerful trading relationships and long-term trade agreements.
The EU would like this to be done 'bloc-to-bloc'.
Mercosur is a totally disfunctional bloc; the EU somewhat less so.
Until Mercosur becomes functional, the best strategy is 'bilateral' ...
the Rousseff - Cameron talks might be the catalyst.
Whether wise or just common sense, he's certainly right. Now for those of us in Europe to get our act together and recognise austerity isn't working...
Sep 25th, 2012 - 01:05 am - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!