On Tuesday, President Jacob Zuma’s office announced that South Africa will contribute $2-billion (R16.3-billion) to an international fund created to bail out Europe’s debt-stricken nations. The government’s pledge is part of a $75-billion commitment from the Brics nations – Brazil, Russia, India, China and South Africa – to help bolster a $456-billion rescue fund administered […]
stimulus
Posted inBusiness, News/Politics
Rebuilding the Eurozone brick by Bric(s)
Europe is in crisis. After a reasonably calm last few months, massaged by a trillion-euro stimulus from the European Central Bank, it seems as if the dark clouds are once again forming over the continent. This comes after the news that Spain’s bond yields have skyrocketed based on concern that the country (which is the […]