MercoPress. South Atlantic News Agency
IMF praises Brazil’s “carefully calibrated” policies and forecasts 7.1% growth
The International Monetary Fund reiterated its forecast for Brazil’s economy to expand 7.1% this year, as result of capital inflows and the expansion of credit. However the IMF also cautioned about the official credit policy of the country’s development bank. Read full article
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Disclaimer & comment rules“BNDES key interest rate for loans, known as TJLP, is 6%, or 475 basis points below the central bank’s 10.75% benchmark lending rate.”
Aug 06th, 2010 - 01:12 am - Link - Report abuse 0Brazil Central Bank's interest rate are abusively high. It promotes inflow of speculative capital and thwarts loans taken by industries. That the government keeps funding BNDES, is only natural in face of CB's policies. The operation autonomy conceded to the CB has not worked, something one can conclude by looking at the way the CB reacted to the 2008 crisis: correctly but belatedly. I wish the next president will have the balls to demolish CB's autonomy. If he or she faces resistence in so doing, then fire OR KILL current CB's president Henrique Meirelles and replace him by someone humbler and more sober-minded.
i hope brazil one day pay the moral debt they have with argentina since brazil with argentina´s logistical & decisive support secure mato groso in the triple alliance war; the most important beligerant effort in brazil history.
Aug 06th, 2010 - 04:36 am - Link - Report abuse 0(2) Billy Hayes
Aug 06th, 2010 - 04:45 am - Link - Report abuse 0That is THE most stupid thing I have read in here!
Your “personal” share of that “moral debt” should be one biiiiiiig patada on the culo!
juasssss
Aug 06th, 2010 - 10:57 am - Link - Report abuse 0I´ll happily receive that kick if brazil pay the “debt” closing atlantic in the narrow part of it...at Bahia line please; at someones rearpoint.
I wonder if you know that cuasi-genocide called ”Guerra de la Triple Alianza was masterminded and financed by Great Britain?
Aug 06th, 2010 - 11:09 am - Link - Report abuse 0Nothing at all to be proud of............ Nothing........
Not even funny as a joke :-(
Historians have long considered that Paraguay under José Gaspar Rodríguez de Francia (1813–1840) and Carlos Antonio López (1841–1862) developed quite differently from other South American countries. The aim of Rodríguez de Francia and Carlos López was to encourage self-sufficient economic development in Paraguay by imposing a high level of isolation from neighboring countries. But historiography is ever-changing: during the 1960s and 1970s, many historians claimed that the War of the Triple Alliance was caused by pseudo-colonial influence of the British, who were in need of a new source of cotton due to the Civil War in the United States. However, this claim is inconsistent with the results of other historical research; the claim of British influences has been disputed by several works of history that have been published since 1990.
Aug 06th, 2010 - 11:31 am - Link - Report abuse 0Not a joke at all.
Aug 06th, 2010 - 11:33 am - Link - Report abuse 0I´m not so sure that only reason for that war was UK; Solano Lopez stupidity play a role there, invading at the same time Corrientes and Mato Groso provoquinq oligarcqs as Mitre to respond.
Anyway, TAW exists and is a fact of history; and my interpretation is that this succesfull alliance (in military terms) could be reproduced in a no-shamefull event to fight the last battle of south american independence. Remember, in future there would be no need to engage in land as in 82, no troopers will be involved; only interdiction of the sea and negotiation will come. Perhaps that´s the 2030-40 scenario.
I will recomend you a very good book about that war, Maldita Guerra of Francisco Doratioto, a revisionist brazilian historian.
Well man ..... that “last looong battle” you mention is precisely the one we are organizing since February 2010.
Aug 06th, 2010 - 12:01 pm - Link - Report abuse 0But we don't need any “historical banners or symbols” to unite us......
Those are military crap....... for military half brains........
On the “human front” we have nearly nothing in our history to be proud of.
Neither has Great Britain...........
yep, perhaps you are right; we don´t need those memories to back or organize another alliance; we have better reasons to justify it; economic, social, cultural and strategic reasons. If in 1865 the reason was purely strategic to secure Mato Groso and Formosa; future will find us in an integral alliance converging in a mutual need to secure the subaquatic pampa of the south.
Aug 06th, 2010 - 12:14 pm - Link - Report abuse 0Forget TAW but please don´t tell me that Dominguito died for nothing in Curupayti.
Anyway Triple Alliance is a good topic to discuss; good for todays Brazil helping Paraguay in its development; both countries have a large debt with them.
Now we are talking......
Aug 06th, 2010 - 04:59 pm - Link - Report abuse 0“Alliance Malvinas” should be twinned with a new “Alliance Antártida” where Argentina and Chile, respecting the existing rules and provisions from the Antarctic Treaty, should invite Perú, Uruguay and Brazil to participate in a “Rethinking” of the South-American Antarctic Sector.
Ohhh Twinky, you are so nearly a wit. In other words, a half-wit. Have you thought of going on the stage? You could sweep it! Then you could meet up with all your compatriots.
Aug 07th, 2010 - 09:02 pm - Link - Report abuse 0Mind you, “Alliance Antartida”. Not a lot different from the Botox Queen's proposal in 2008 to station troops in Antarctica, thereby breaching the Antarctic Treaty.
Do you happen to remember your recent comments about Law and Courts?
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