BRICS+ For Short

Starting next year, "BRICS" will be harder to pronounce. Cyril Ramaphosa on Thursday announced the first expansion of the group since 2010, when the addition of his country pluralized Jim O’Neill’s decades-old acronym. New entrants include Iran (which means the BRICS will include both the first- and second-most sanctioned nations on Earth), serial-defaulter Argentina (where the leading presidential candidate wants to dollarize the economy), crisis-plagued Egypt (and its dictator) and Ethio

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One thought on “BRICS+ For Short”

Back in the dark days of the telex, I was repping our bank on a small island in the Persia Gulf that had pretensions of being the financial center linking Singapore and Europe and a recycler of petrodollars. My new boss, who had recently acquired a passport, showed up and needed to be shown around for a day. Quite by chance, I stumbled into a one-on-one tea with the Ruler of the country. HH regaled us with complaints about how he had to go over to Dehli the next week and “listen to three days of bullshit about non-alignment” . BRICSA++++ is certainly a worthy successor to the Non-Aligned Comference and will be right up there with the Arab League and similar as a talk shop.