Brazil criticizes IMF for latest aid to Greece: worst fears could be confirmed

Thursday, August 1st 2013 - 02:59 UTC

Full article 7 comments

A group of Latin American countries refused to back an IMF move this week to keep bankrolling Greece, citing risks of non-repayment, and the Fund itself said Athens might need faster debt relief from Europe. Read full article

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zathras
What is Brazil worried about? It successfully bid and won both the 2014 Football World Cup and The 2016 Olympic Games. If I recall the 2012 games cost us a mere £9 Billion (14 Billion Euros). Is Brazil all of a sudden worried it has overstretched and cannot afford both of these world events? IF that is the case IMF money (almost a tautology) should not be used to bail out Brazil.
Aug 01st, 2013 - 03:26 am - Link - Report abuse 0
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Brasileiro
Brazil have 388 billions USD in US-treasuries. Brazil is the third “credor” from USA, according site from the FED. So, have money to build several olimpic games and world cup. But, for me Brazil don't need sportive events.
Aug 01st, 2013 - 07:15 am - Link - Report abuse 0
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Conqueror
Brazil should spend more time criticising argieland for not paying its debts, than worrying about whether Greece “might” not be able to repay!
Aug 01st, 2013 - 09:04 am - Link - Report abuse 0
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nerosaxo
Still the Favelas are full of starving people.
Aug 01st, 2013 - 02:01 pm - Link - Report abuse 0
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ChrisR
Nothing like stating the blindingly obvious to “sound” intelligent and informed, is there?

“if Greek reforms derail and European governments withdraw their support, then Athens' ”capacity to repay the Fund would likely be insufficient.“

I have been hoping for that to happen which would cast Greece off on its own which has to be better for the people of Greece.

No more strangle hold by the EU and the IMF would have to restructure its loan, where have we heard “loan” and “restructure” lately?
Aug 01st, 2013 - 02:14 pm - Link - Report abuse 0
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Captain Poppy
#2 Brassia......would it be funny if we, the USA pulled an Argentina on you?
lol

what a murderous country.....22.7 per 100k
Aug 01st, 2013 - 03:57 pm - Link - Report abuse 0
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Mastershake
2 Brasileiro
http://countryeconomy.com/national-debt/brazil
http://countryeconomy.com/national-debt/brazil
Brazil was only a net creditor for a total of about two months in 2008, and that's only if you use very kind, generous ways of calculating and looking at it. Brazil is very much a net debtor, and surely private citizens/companies in USA hold a decent portion of that very debt that Brazil owes.

http://countryeconomy.com/national-debt/brazil Watch the beggars beg.

http://countryeconomy.com/national-debt/brazil LOL, small Chile has a much better debt rating and outlook...oh yea, and so do USA and UK
Aug 01st, 2013 - 11:47 pm - Link - Report abuse 0
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