Tuesday, 23 June 2009

A peerage for Jim O'Neill - surely it's just a matter of time

The arrogance of some in the financial world never ceases to amaze.
The following are direct quotes from an article written by Jim O'Neill, head of global economic research at Goldman Sachs and featured in the Times newspaper (June 23, 2009)

Remember these are his own written words and not quotes taken out of context.
...in the first seven years since I created the acronym, three of the four Bric countries, China, India and, importantly, Russia have all grown considerably more than we had assumed.

I suspect the Bric countries would have formed a club without my intervention. Let's help them, help ourselves and get to a more optimal state of world governance.

A few years ago we created another term, the Next 11, and studied their Bric potential. While none has the potential to be a true Bric, Indonesia, Iran, Nigeria, Turkey and Mexico all have the potential to become much bigger.
I am surprised that the man has not been awarded a peerage by Gordon Brown and installed in the cabinet with his own television show.

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