Rousseff announces 70bn dollars for Brazilian agriculture at 6.5% interest

Tuesday, May 20th 2014 - 08:42 UTC

Full article 1 comment

President Dilma Rousseff announced Monday that the government will make available to Brazil's farmers and ranchers a 156.1 billion Reais (70.5 billion dollars) credit line, a hike of 14.7% over the previous season. Read full article

Comments

Disclaimer & comment rules

Jack Bauer
Dilma is getting desperate. The agricultural sector, which for the last 10 years, has been what's saved the Brazil's foreign trade balance, is going to get tons of cheap money - nothing wrong with that, but it is shameful that while the government can do that, an individual who takes a personal loan from a bank, pays at least 10% per month, not to mention even higher rates when it comes to outstanding credit card debt...As they say here, 'when the rising water starts to touch your arse, you'd better do something quick'....In Brazil, it's already there.
May 20th, 2014 - 09:46 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!