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Article: Brazil Isn't Argentina, but Even A Serra Victory Might Not Help.(economic profile of Brazil)
- Article from:
- High Yield Report
- Article date:
- June 24, 2002
- Author:
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By alluding to the possibility that Brazil could follow Argentina into default if the Worker's Party candidate Luiz Inacio Lula da Silva wins the presidential election, the ruling Social Democratic Party may have thought it was helping the cause of its own candidate, Jose Serra.
But the move seems to have backfired - the possibility of Brazil going Argentina's way has instead further spooked the already stressed and irrational markets, which have been in a tailspin since the end of April. Persistent volatility has put pressure on local interest rates, the real, and foreign debt prices; the benchmark C-bonds plummeted to a June low of 57 from over 80 in the first ...
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Article: BRAZIL: LULA SHOWS PRAGMATISM IN TRANSITION ...
NotiSur - South American Political and Economic Affairs;
December 20, 2002 ;
700+ words
... ... Jan. 1, 2003, Brazil's President-elect Luiz Inacio Lula da Silva is demonstrating ... engage in populism," Lula said at the Inter ... Development Bank (IDB). Brazil's first democratic ... diplomatic corps, Lula has chosen career diplomat Celso Amorin, Brazil's ambassador to ...
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