MercoPress. South Atlantic News Agency
Brazil's powerhouse bank
With his slicked-back hair, neatly trimmed, close-cropped beard, and impeccably pressed suits, Luciano Coutinho looks like any other obscure Brazilian banker.
But he is anything but an average banking man. Read full article
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Disclaimer & comment rules“I doubt the average person in Argentina realises how much their economy is being propped up by Brazil and the BNDES,” one Sao Paulo economist, who asked to remain anonymous so as not to bring attention to his clients, told Al Jazeera. “If they did know, they might start to ask some tough questions.”
Dec 02nd, 2009 - 01:21 pm - Link - Report abuse 0Uhmm, and I doubt that you're going to get your tax money back :))).
Forget about the Argentines if they know or not, their is still good news for you Brazilians. Higher taxes are looming anytime in Argie fantasy land and if they can't pay, you just take over their natural resources.:)..as I typed before “Argentina is for sale”..
annual -50 bn $- is a big money but not so important and tolerable for the Brasilian Economy . ! the most important factor is to settling this volume accordly into Finance System. .to permanent running..!.
Dec 03rd, 2009 - 03:27 am - Link - Report abuse 0Fantastic good news. At least some of the world's money is going some place, that is BNDES of Brazil.
Dec 04th, 2009 - 05:28 am - Link - Report abuse 0BankUnasur, more than likely would become one of the most active Bank in the region and its ramifications would soon expand over most south americam central banks, ganerating financial rewards. However, bank officials shoul have extremely precautions, because most and frequent customers are countries with poor economic performance and a long reputable characteristics for non-payment loans and elevated high risk backgrounds.
Congratulations.
Kirk Nelson, from New York, USA
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