Mexico's Ortiz says Greece exit could be worse than Lehman

(Reuters) - If Greece leaves the euro zone it could detonate a global financial crisis even worse than the 2008 credit crunch, dry up global trade financing and spur another U.S. recession, former Mexican central bank governor Guillermo Ortiz said on Friday.

Brics summit of emerging nations to explore bank plan

The main emerging economies have met in the Indian capital, Delhi, to look at ways of strengthening their position against Europe and the United States.Brazil, Russia, China, India and South Africa (the Brics group) are proposing an alternative to the World Bank.

Former Argentinian minister says Irish do not realise scale of problems

IRISH PEOPLE still have not grasped the gravity of the economic crisis that has gripped the euro zone and do not appreciate how bad things could get, according to a former economics minister in the Argentinian government.