Azerbaijan Expresses Its Willingness To Join The BRICS Bloc
293 sats \ 4 comments \ @TomK 12 Jul news
The bifurcation of the world into two large, hostile economic blocs continues apace. The current year has seen a flurry of interest in joining the BRICS group.
The latest application for membership now comes from Azerbaijan, a country that is following the pattern of the most recent applicant states, which includes oil, natural gas and metals as its main export products. The BRICS group is gradually securing its dominance on the energy and commodities markets. Europeans, who are weak in energy and resources, should keep an eye on this development as they are now faced with the question of how to deal with this group in the future.
Their dependence on imports is likely to contribute to the geopolitical weakening of the eurozone. The recent customs trade dispute with China already shows where the journey is heading: they know that they are dependent on trade, but do not know how to position themselves, as the shadow of American interests always hovers over European efforts in the background.
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58 sats \ 3 replies \ @kristapsk 12 Jul
BRICS continues to expand as a "block" with hostilities inside, not so far ago there was Azerbaijan v Armenia war, which could be seen also partially as a proxy war between Turkey and Russia.
Ok, they have some common economical grounds, but you can't look at them as an alliance in a same way as EU or NATO.
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0 sats \ 2 replies \ @TomK OP 13 Jul
Give it time and wait until the economic cracks in the Eurozone show up. Remember what happened during the GFC? Only the money printer is holding this together
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58 sats \ 1 reply \ @kristapsk 13 Jul
Euro will fall, I have no doubt in this, but what it has to do what I said about BRICS? EU and eurozone are not the same, not all EU is part of eurozone (although I also am pretty sure that EU in existing form will collapse at some point). But BRICS is less of an alliance than European Coal and Steel Community in 1951.
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0 sats \ 0 replies \ @TomK OP 13 Jul
but you have to admit that there is a clear convergence between the European Union and the eurozone. The euro is the vehicle for forcing states like Croatia into the overall eu context.
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