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Can BRIC countries save Europe?

Isabelle De Keersmaeker
2BFV01
Content
•   What is BRIC?
•   Why does Europe need help?
•   Why should the BRIC countries help?
•   How can they help?
•   What will be the result?
•   Conclusion
What is BRIC?




4 dominant economic powers
= the big four
Why does Europe need help?
• Crisis in Greece, Ireland & Portugal

 ▫ Affected global market
 ▫ Risk of crisis spreading

 without help => crisis will get worse
Why should the BRIC’s help?
• China = important trading partner of Europe
• Brazil exports oil to Europe
• Not helping  global financial crisis
How do they help?

• BRIC Brady bond plan
 ▫ Purchase part of Europe debt
 ▫ Discussions between EFSF & BRIC
What will be the result?
• Investments of BRIC   not the ultimate
                        solution

Euro bond
Conclusion
• BRIC has to help!

• BUT => not the only solution
• Seek for other measures

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Can bric country’s save europe

  • 1. Can BRIC countries save Europe? Isabelle De Keersmaeker 2BFV01
  • 2. Content • What is BRIC? • Why does Europe need help? • Why should the BRIC countries help? • How can they help? • What will be the result? • Conclusion
  • 3. What is BRIC? 4 dominant economic powers = the big four
  • 4. Why does Europe need help? • Crisis in Greece, Ireland & Portugal ▫ Affected global market ▫ Risk of crisis spreading without help => crisis will get worse
  • 5. Why should the BRIC’s help? • China = important trading partner of Europe • Brazil exports oil to Europe • Not helping  global financial crisis
  • 6. How do they help? • BRIC Brady bond plan ▫ Purchase part of Europe debt ▫ Discussions between EFSF & BRIC
  • 7. What will be the result? • Investments of BRIC not the ultimate solution Euro bond
  • 8. Conclusion • BRIC has to help! • BUT => not the only solution • Seek for other measures