BRICS countries are drifting away from US and European monetary structures

[gyroscope]

August 12, 2014

The BRICS countries (Brazil (EWZ), Russia, India (EPI), China (FXI), and South Africa) are slowly but surely drifting away from the 20th Century monetary and political structures setup by the U.S. (SPY) and Europe (EZU), as characterized by Russia’s G8 membership being revoked in the wake of the events in Crimea. The G7, as it is now known, is at odds with Russia’s Vladimir Putin, but that rift applies to the entire BRICS coalition — a group that seems to be growing stronger and more focused as leader of the Emerging Markets.

http://finance.yahoo.com/news/brics-drifting-away-us-european-155922959.html

[emsimon33]

1. Interesting post

Thank you