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2nd seminar – Recommendations

What agenda for a Euro-BRICS summit by 2015? – The Euro-Russian strategic partnership at the service of a BRICS-EU meeting between now and 2015?

Moscow, May 23-24  2011, organised by LEAP in partnership with MGIMO and the “Russkiy Mir”  Foundation

 

Nine themes for the agenda of a future Euro-Brics Summit

In the framework of this first Euro-Brics seminar, the last session consisted of a general brain-storming panel aimed at identifying themes of common interest, therefore likely to provide the basis to the agenda of a first Euro-Brics Summit. The following nine key points were identified:

1. Reforms of world governance (IMF, Security Council [2. Reform of the international monetary system (putting in place a system managing several reserve currencies, global cohesion for the monetary and financial system, better analysis of global systemic risk…)

3. Reform of the global management of the « Trade and investment » duo (rebalancing of the rules protecting national markets)

4. Initiatives for a world social balance (determined integration of the social dimension, domestically and externally, in major international agreements)

5. Initiatives to reinforce « Human security » (protection from natural disasters, trafficking in human beings, assuring humans’ basic needs, food chain security…)

6. Initiatives to reign in world finance (limitation on pay and bonuses for financial activities, control of international financial flows…)

7. Creation of Euro-BRICS university exchange programmes

8. Scientific and technological cooperation, especially in the fight against global warming, the conquest and management of outer space, the sources of new and alternative energy

9. Improvement in the global management of people’s migration and mobility

These issues are all undeniably important in order to organize the world in a sustainable fashion after the crisis. However, several of them would be immediately discarded or emptied of their substance via the framework of summits like the G20 because their effective treatment (that’s to say, leading to real solutions and not statements of intent) requires:

1°/ the ability to analyze them without taking into account the conflicting interests of some countries that benefit in a way from the current malfunctioning: This is the familiar problem of the impossibility of implementing serious reform of global financial and monetary system as long as the US and the UK block any attempt to revise the assumptions on which the current system is based which, however, date from an era which is in the process of coming to a close

2°/ to be able to overcome some systematic vetoes on certain issues: The social theme is typical of this category since the United States consistently opposes considering the social issue as anything other than collateral damage of an economic and financial rationale. On this subject, the BRICS undeniably have a growing convergence with the European model that attempts to address the social question as the other side of the economic coin.

The discussions which took place during the seminar showed that many topics can engender strong opposition between Europeans and BRICS; but it is also why they should be discussed, bearing in mind that to solve a problem one must first agree on its existence.

To conclude, the Euro-BRICS’ potential would be sufficient to generate an irresistible momentum at the heart of the G20, an institution now sinking in impotence through the inability to “call a spade a spade” and unable to put the key issues of governance of the world-after-the-crisis on the summits’ agenda.

Notes

 [3] A Euro-BRICS cooperation could help the world community to understand that it can no longer avoid reforming the Security Council by increasing the number of permanent members and by adding to them Brazil and India. Meanwhile, Euro-BRICS cooperation could help Europe finally understand that it can no longer avoid getting one common seat at the Security Council. That’s also what the “world after the crisis” is about.