Russia: BRICS ready to help euro zone via IMF
Lavrov spoke before IMF Managing Director Christine Lagarde was due to meet President Dmitry Medvedev in Moscow for talks expected to focus on how cash-rich emerging economies can support Europe's struggle to contain its sovereign debt crisis.
His comments reinforced the joint position towards managing the euro-zone sovereign debt crisis taken by the BRICS -- Brazil, Russia, India, China and South Africa -- at last week's Group of 20 summit in Cannes, France.
They also reflected the aversion of Russia, holder of the world's third-largest foreign exchange reserves, to directly supporting the euro zone's common bailout fund, the European Financial Stability Facility (EFSF).
"It will hardly be possible by simply handing out money to resolve problems that are systemic in character and which affect the financial stability and integrity not only of the euro zone but of the global financial system," Lavrov said.
"Recent events show that the consequences of the 2008 crisis have not passed and that the work started by the G20 right after the crisis has not been finished.
"This work needs to be completed -- above all concerning the full implementation of agreements that were reached earlier on the deep reform of the International Monetary Fund and the international financial system as a whole."
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