Post by Fredo on Jul 8, 2015 8:08:57 GMT -5
Moscow has received signals on Greece willing to join the BRICS New Development Bank (NDB), but this issue has not been discussed on the official level, Russian presidential aide Yuri Ushakov said.
'Signals have appeared in the press, in mass media, that Greece may ask to join the BRICS New Development Bank, we know about it, about these signals. But no one in particular has discussed them on the official level yet,' Ushakov said in an interview with RIA Novosti, RT and VGTRK.
The presidential aide stressed that the new bank is only starting to function.
'It [the BRICS bank] should still set its practical priorities, start functioning and, of course, it will start its work with its own tasks, its own problems, and not with [the issue of admission of] Greece. But as I said, Greece will be discussed, but not in the context of its engagement, even in the long term, with the new BRICS New Development Bank,' Ushakov said when asked to comment on the information that Greece can receive loans for some projects.
'Signals have appeared in the press, in mass media, that Greece may ask to join the BRICS New Development Bank, we know about it, about these signals. But no one in particular has discussed them on the official level yet,' Ushakov said in an interview with RIA Novosti, RT and VGTRK.
The presidential aide stressed that the new bank is only starting to function.
'It [the BRICS bank] should still set its practical priorities, start functioning and, of course, it will start its work with its own tasks, its own problems, and not with [the issue of admission of] Greece. But as I said, Greece will be discussed, but not in the context of its engagement, even in the long term, with the new BRICS New Development Bank,' Ushakov said when asked to comment on the information that Greece can receive loans for some projects.
link
It's just a, likely unfounded, rumor but it presents an interesting idea. Greece is holding around 100 tons of gold so it could pull it's weight in any new currency issued by the BRICS and would give them a strong leg up in the shipping industry. A success there, couple with a repudiation of the European debts could draw in some of the other PIIGS as well as a portion of Latin America that's tired of being ass raped by the IMF.They could issue a new, gold backed, currency that's exclusively for internal settlement and wait for others to join.It would simultaneously cripple western banking and set up a voluntary alternative. All you would need then is to get OPEC on board and you've won.
It probably requires better management than Russia can provide, but I think the theory is sound.