Page 11 - Brics Bank News Today : Breaking News, Live Updates & Top Stories | Vimarsana

like the big man on the stage. even though china is having a difficult economic situation right now i think this will play well to the domestic audience in china and everyone is watching closely. china wants to have a brics bank. they want to replace the us dollar. there is concern that won t happen. what this just be a show or will they have substantial to show after the meeting is? everyone is watching closely. absolutely. one of the key concerns is that expansion could come at the cost of cohesion. we know the bigger these cohesion is get, they have disparate opinions on how things should be handled. is there a danger that expanding beyond those original members starts to lose the entire focus of why they are a grouping? it is important to remember that this was originally a term coined by goldman sachs. now it has taken off. this is a disparate group to begin with and it is difficult to get any sort of cohesion. expanding to further countries would mean it would may be in name only

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