International attention has been diverted away from this year’s G20 meetings in Australia by the declaration from the leaders of Brazil, Russia, India, China and South Africa, at their meeting in Fortaleza Brazil this July, that they would launch a new “Brics bank”.

Available at: http://www.theguardian.com/commentisfree/2014/aug/27/the-us-still-decides-the-future-of-capitalism-not-the-g20-and-not-the-brics-nations