In a stunning reversal of fortune, it has emerged that the so-called Brics nations, the emerging economies of Brazil, Russia, India, China and South Africa - who almost alone in the global economy have weathered the financial crisis sitting atop huge international reserves - are planning to come to Europe's aid.
Brazilian finance minister Guido Mantega on Tuesday said that the Brics states are to hold a meeting on 22 September to discuss co-ordination of an EU rescue plan.
"We wil...
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