VodkaPundit

How Do You Say Drachma in Russian?

Russia has “opened the door” for Greece to join its new multinational development bank:

Greek Prime Minister Alexis Tsipras on Monday held a telephone conversation with Russian Deputy Finance Minister Sergei Storchak. During the conversation, Storchak invited Greece to become the sixth member of the New Development Bank of BRICS countries, Greece’s Syriza party reported on its website. Storchak is a representative of the BRICS Bank which is now being established.

The bank is expected to be one of the largest financial institutions to fund various infrastructure projects in the BRICS countries and emerging economies.

The BRICS group of prominent emerging economies was established in 2010, when South Africa joined Brazil, Russia, India and China in what was previously known as the BRIC nations. The BRICS countries make up about 40 percent of the world’s population and a combined economy of about $16 trillion.

China has the cash and Russia has the raw materials to peel Greece right off of the EU — and maybe NATO.