New BRICS Bank Not Very Credible: Garcia-Herrero

July 15 (Bloomberg) –- BBVA Chief Emerging Markets Economist Alicia Garcia-Herrero discusses the creation of a $100B reserve fund and $50B development bank by five of the world’s largest emerging markets in an effort to revive the group’s waning clout. She speaks to John Dawson on Bloomberg Television’s “On The Move.” (Source: Bloomberg)

Euro Area Would Benefit From Weaker Currency: Intesa CEO
07:48 - A further devaluation of the euro would “be a benefit for the euro zone,” says Intesa Sanpaolo CEO Carlo Messina in a Bloomberg TV exclusive interview. (Source: Bloomberg)
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