Michael Konstantinov reckons authorities in Brazil, Russia, India and China – the ‘Brics’ – will not be beaten by the eurozone crisis.


‘We’re actually going to see a significant relaxation of monetary and fiscal policies in the Bric economies which were tightened last year on the back of inflationary pressures going up,’ Konstantinov said in a video interview with Citywire.


Among private investors, Bric nations remain by far the most popular place for their money among emerging markets, a survey from Dianomi at the start of this year confirmed.


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By Julian Barkes