Bloomberg News

Europe Taking Necessary Steps to Curb Debt Crisis, Gordhan Says

September 29, 2011

Sept. 29 (Bloomberg) -- European nations appear to be taking necessary steps to deal with a worsening debt crisis and a financial rescue package to prevent countries defaulting is giving “some confidence” to the global economy, South African Finance Minister Pravin Gordhan said.

Brazil, Russia, India, China and South Africa, which are members of the BRICS political group of emerging-market nations, are willing to help the U.S. and Europe as economic growth slows, Gordhan said in a speech to the French South African Chamber of Commerce in Johannesburg today.

To contact the reporter on this story: Franz Wild in Johannesburg at fwild@bloomberg.net

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net


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