BRICS warns of Euro crisis

Brazil, Russia, India, China, and South Africa (BRICS) have warned that the Euro crisis presents danger for the global economy, calling for cooperative solutions to solve the problem. The BRICS states have called on major industrial countries and other emerging economies during a meeting on the sidelines of the G20 summit currently being held in the Mexican resort Los Cabos, to signal the resolution of the Euro crisis during the summit. BRICS members have agreed to increase their contribution in the International Monetary Fund (IMF) within a previously agreed upon plan to bolster its resources in avoidance of international crises. BRICS groups countries which represent 42% of the world's population and 18% of the global Gross Domestic Product (GDP). (QNA)