Europe Economic Crisis.

BRICS Developing countries that make up the BRICs will discuss the possibility of aid for the EU to help address the debt crisis, Brazil's Finance Minister, Guido Mantega, said Tuesday. "BRICs countries will meet in Washington next week and we will discuss how to help the EU out of this situation," he said. The group consists of the BRICs countries Brazil, Russia, India, China and South Africa.

Brazil finance minister will go to Washington next week with finance ministers from around the world for the annual meeting of the International Monetary Fund and World Bank. BRICs set a meeting on 22 September.

In the so-called 'role reversal', the leading developing countries, which in recent years has been growing faster than the major industrial countries, is expected to propose a plan to help stabilize the economy and the global market, according to Brazilian financial newspaper, Valor.

The report said one idea being floated to increase reserves from their assets in euros, in an effort to reduce the debt crisis in the eurozone.

Markets roiled by the debt crisis in Greece and the countries of other euro zone. EU official pushing a second bailout for Athens. At the same time, China and several other developing countries have large international reserves.

Valor said the BRICs countries at this point would be prepared to increase ownership only in the euro zone countries such as Germany's most powerful. Central also explored the possibility of investing in bonds issued by the UK, a non-eurozone countries.

Separately on Tuesday, Germany, France and Greece who were in debt agreed to hold new round of crisis talks about the euro after U.S. President Barack Obama urged Europe to make greater efforts to calm turbulent markets easy.

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