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Brazil is not Against the Gradual Dedollarization in the World Economy

Brazil is not against dedollarization of the global financial system and trade, but this process should take place gradually, through a “safe action”, said Minister of Foreign Affairs of Brazil Celso Amorim. “I do not know whether the world is ready to say “let’s replace the dollar with special drawing rights (SDR) or something similar”, Read more

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European banks

The past year was very difficult for the world financial system. Banks of most of the world’s developed and developing countries suffered huge losses, and in some cases, it took even the intervention of the authorities in order to prevent their bankruptcy and collapse of the banking system, transmits Reuters. Of course, large-scale crisis plans Read more