BRICS COULD HELP FUND GREECE IF ATHENS APPLIED

Greece Can Easily Get Funding From BRICS Bank: Russia

BRICS Annual Summit Opens Today in Russian City of Ufa and Greece Is Likely to Be on the Agenda

In response to an article in the London’s Financial Times almost a month ago (June 13), this writer said among other things:

What if Greece decided it has had enough of the pompous grandstanding by the EU and its global banker masters? What if Greece decided to chuck the euro and throw its lot with Russia (and China, and India, and Brazil and South Africa – the BRICS countries). (This would split the EU and NATO like a wedge – see the maps).

Well, it did not take long for that to become a reality. European and global bankers continue to treat Greece like a naughty stepchild of Europe, laying down one ultimatum after another, despite an overwhelming democratic vote by the Greek people last Sunday which rejected them.

With their arrogant attitude, Germany and other northern European countries are practically pushing Greece out of the eurozone without heeding the awesome geopolitical ramifications such a move would have. Because Greece would become a wedge that would split not just the EU, but potentially also NATO.

This has not been lost on Russia which has also been under the gun of economic sanctions imposed first my Washington and then also by the EU after the downing of the MH-17 flight over Ukraine.

On June 19, Greek prime minister Alexis Tsipras flew to Russia where he met with Russian president Putin on the sidelines of a conference in Saint Petersburg countries. And then right after that fateful referendum vote on Sunday, July 5, when the Greeks rejected the EU and IMF bankers’ ultimatums, Tsipras was again on the phone to Putin.

Why?

Because if Greece leaves or gets kicked out of the eurozone after the latest Sunday (July 12) ultimatum, Russia and its BRICS partners may be able to help.

Yesterday (July 7), Russian deputy finance minister Sergey Storchak said that Greece could get financing from BRICS if it buys a few shares of the its new development bank to become a member. Storchak said gaining BRICS membership should not be a problem for Greece.

Russian Finance Minister Anton Siluanov said Tuesday that the European Union and the IMF should have acted sooner to solve the Greek debt crisis (see BRICS kick starts $100bn reserve currency pool, July 8)

All this means that Greece is likely to be on the agenda of the BRICS summit in the Russian city of Ufa which is due to begin in a few hours. The finance ministers have already started their meetings (on July 8).

As for the heads of state, besides the five BRICS members – Brazil, Russia, India, China and South Africa – Iran’s president Hasan Rouhani will be also attending. Which is all the more interesting because Iran and the U.S. are right now embroiled in supposedly final negotiations of a nuclear deal.

Also see…

• €URO WAS DOOMED FROM THE START, EVEN BEFORE ITS BIRTH (July 7)
• GREECE SAYS “OXI” (N€IN-NO) TO EURO/GLOBAL BANKSTERS… NOW WHAT? (July 5)
• USURY AND TREATIES BASED ON HUMILIATION DON’T WORK (June 13)

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