As a result of the 3rd Euro-BRICS seminar organized by LEAP in partnership with MGIMO in Cannes on September 27-28, 2012, the experts from Euroland and BRICS countries who gathered for the occasion, wished to give their leaders a series of arguments in favour of holding a mini-Euro-BRICS summit ahead of the St Petersburg G20. This recommendation is in line with two other warnings given to the G20 leaders in 2009 (Open letter to the London-G20 leaders, 03/24/2009) and in 2011 (Advice to the Cannes-G20 leaders, 09/15/2011) relating to the management of the global systemic crisis at the initiative of Franck Biancheri, director of Studies and Strategy at LEAP, who passed away last October 30th. This letter is also intended as a tribute to all the energy he expended over four years, despite his illness: explaining the crisis, formulating policy recommendations to solve it, and creating the tools to make these recommendations heard.
In 2013, the world realizes that the U.S. debt that weighs so heavily on the global economy, has no solution: its astronomical size and the extreme weakness of economic fundamentals in the United States leave nothing more than to predict the collapse of the international currency as the inevitable consequence of and solution to the U.S. debt crisis. Thus the global crisis is about to experience a new dramatic development. The question is: Is the world prepared to bear such a shock?
Indeed, since the first signs of the crisis in 2008, the rest of the world has worked well, especially in one objective: to dissociate itself from the faltering U.S. power and make every effort to avoid being dragged into its probable collapse.
Organize a mini Euro-BRICS Summit, ahead of the St Petersburg G20, in order to develop common strategic positions to exit the crisis and bring global governance into the XXI° century
In 2013, the world realizes that the U.S. debt that weighs so heavily on the global economy, has no solution: its astronomical size and the extreme weakness of economic fundamentals in the United States leave nothing more than to predict the collapse of the international currency as the inevitable consequence of and solution to the U.S. debt crisis. Thus the global crisis is about to experience a new dramatic development. The question is: Is the world prepared to bear such a shock?
Indeed, since the first signs of the crisis in 2008, the rest of the world has worked well, especially in one objective: to dissociate itself from the faltering U.S. power and make every effort to avoid being dragged into its probable collapse.
Organize a mini Euro-BRICS Summit, ahead of the St Petersburg G20, in order to develop common strategic positions to exit the crisis and bring global governance into the XXI° century
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