Temer wins first Congressional battle with milestone bill to cap public spending

Friday, October 7th 2016 - 12:18 UTC

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A Congressional committee in Brazil approved on Thursday a constitutional amendment that would limit public spending to the rate of inflation for 20 years, handing President Michel Temer an initial victory in his plan to plug a widening deficit, which if continued at the current rate could lead to fiscal collapse and public accounts insolvency, “a repeat of the Greek tragedy”. Read full article

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Brasileiro
The Greek debt is in Greek currency? Ours is! We print real and pay the debt!
Oct 08th, 2016 - 02:49 am - Link - Report abuse 0
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Max
but Brasil's all kinds of debts are not excessive !

they can not do anthings by way of fiscal which notwithstanding should be reformed but not solution alone !
Oct 08th, 2016 - 09:42 am - Link - Report abuse 0
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