Simulus measures in Brazil to appease recession and Temer's tumbling credibility

Friday, December 16th 2016 - 08:50 UTC

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Brazilian President Michel Temer on Thursday unveiled a raft of stimulus measures to reduce the debt burden of businesses and consumers struggling with the country's worst recession on record amid growing popular discontent. Although limited in scope, the measures aim to appease Brazilians angry at the deepening recession in Latin America's biggest economy and allegations of corruption against Temer and his closest allies. Read full article

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:o))
Will The Brazilians believe in such a fairy-tale? After all; there is NO “Practical Solution” in sight:

- As long as the budgets are not balanced,
- As long as the incoming is lesser than the outgoing
- As long as the exorbitant wastes & salaries are not under control,
- As long as the damages due the corruption are mounting - escalating - year after year,
- As long as there is NO effective & Long-Term Planning for improving the economy, besides the “tightening of belts” of the masses [ONLY]!
Dec 16th, 2016 - 09:57 am - Link - Report abuse 0
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