Jim O'Neill, the Goldman Sachs economist who coined the term BRICs back in 2001, is adding four new countries to the elite club of emerging market economies. But does his new edifice have the same solid foundations?
Markets are waiting for Argentine President Cristina Fernandez and her husband and predecessor ex-President Nestor Kirchner to show they support plans for Argentina to return to international credit markets after a long absence. Fernandez and Kirchner are known as the presidential couple and no major Argentine policy move can go forward without their stamp of approval. Decision making is seen as almost entirely concentrated in them.
Berlin is slowly but surely establishing itself as one of the top global catwalks for the bold and the beautiful of the world of high fashion — and the global financial crisis seems to be doing nothing to slow it down.