To gain BRICS membership, Greece should become a fast-growing economy, said head of the Russian Chamber of Commerce and Industry Sergei Katyrin.
He added that Greece willingness to enter BRICS is also very important. Sergei Katyrin remembered that initially BRIC was formed without South Africa; it joined the organization later.
According to the data from Eurostat, GDP in Greece increased by 0.8% to 179 billion euros in 2014. It is the first growth in five years.
However, the Greek national debt exceeds 300 billion euros. Athens and its creditors are trying to come to an agreement on Greece’s debt restructuring and its financial support. The ECB and the IMF are ready to meet Greece halfway if it introduces austerity measures. The issue was put to the referendum held July 5. Most people voted against the creditors’ program. There is a serious risk that Greece will announce default and return to the drachma instead of the euro.
