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Archive for June 22nd, 2009

Window to Europe a treat for Dutch

Posted by Kris Roman on June 22, 2009

Aleksandra Kosharnitskaya, RT

What are the images that come to your mind when you hear the word “Amsterdam”?

It has taken more than a decade to complete the project. And the opening ceremony went off with the bang as guests of honor – Queen Beatrix of the Netherlands and President Medvedev among them – watched the grand “fireworks” finale of the celebrations (notably, fireworks are banned in the city, but the authorities made an exception for this occasion).

“Peter the Great would be happy with this,” the head of the Hermitage, Mikhail Piotrovsky, told the journalists who attended the event.

By bringing its most renowned museum to Amsterdam, Russia’s returning the favor.

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BRIC group takes a shot at USD supremacy

Posted by Kris Roman on June 22, 2009

bric-brazil-russia-india-china-bgBrazil and fellow up-and-coming economies Russia, India and China discussed how they could exert greater sway over the global financial system at their first summit in the Russian city of Yekaterinburg last week, but they surprised observers with toned-down talk about reducing the world’s reliance on the U.S. dollar.

Frustration at the dominant but unstable dollar as the world’s reserve currency had united the so-called BRIC grouping — an acronym coined to describe these four key emerging markets — in the first place, and motivated them to find a common base on which to capitalize on their own growing economic influence.

Brazil, China and Russia have all said they will purchase notes from the International Monetary Fund to begin diversifying their reserves away from the greenback.

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