Eurozone crisis: India prepares ‘contingency plan’ Reuters, 5 June, 2012, 06.42PM IST
India has prepared a contingency plan for Greece exiting the eurozone and even a collapse of the monetary union, officials said on Tuesday.
Russian President Vladimir Putin arrives in China for regional summit AP | Jun 5, 2012, 09.31AM IST
BEIJING: Russian President Vladimir Putin is in Beijing for a regional security summit and talks with Chinese leaders expected to focus on Syria, Iran and energy cooperation. Read the whole article – link to original article incl. video
Brazil Economy Trails BRICS in 2012: Daily - The Rio Times – by Donitra Clemons, Contributing Reporter
RIO DE JANEIRO, BRAZIL – Brazil is only in the 22nd position among 33 countries that have reported their data for economic growth in 2012 to date. It falls behind the BRICS peers (Russia, India, China and South Africa), approaching the economies most affected by the financial crisis in Europe, like the United States (2.1 percent) and Germany (1.7 percent). Read the whole article – link to original article
Single African currency doubts after euro crisis /René Vollgraaff, 3 June, 2012 00:06 – Time Live South Africa
Eurozone troubles have put paid to thoughts of a single African currency – for now.
Plans for an African economic community with a single currency by 2023 have been in the making since heads of state of the Organisation for African Unity, predecessor of the African Union, signed the Abuja Treaty in 1991. Read the whole story – link to original article