Word: brazil
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Dates: during 1960-1969
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...perfectly normal way of saying that President Joao Goulart's Brazilian Labor Party demanded a parliamentary investigation into the actions of Governor Carlos Lacerda of Guanabara state. In their casual conversations, Brazilians can be just as cryptic, leaving the befuddled stranger convinced that, letter for letter, Brazil is the world's most overalphabetized nation...
Brazilians like to think that their country is so big that no abyss could possibly hold it. They may be right. With half of South America's people and nearly half of its area, Brazil is huge, rich, and living on the steep sides of an abyss...
...Joao Goulart was engaged in another of those nimble political maneuvers by which he solves nothing but somehow survives. Out as Finance Minister went Carlos Alberto Alves Carvalho Pinto, 53, the able onetime governor of Sao Paulo state, who resigned in anger after six hopeless months of struggle against Brazil's wild inflation (about 85% in 1963), its fleeing capital and its immense foreign debt. In to cope with the same problems came Ney Galvao, 60, a smalltime provincial banker whose only previous claim to fame was as a Goulart-appointed head of the Bank of Brazil...
...while, Brazil's powerful leftists were pressuring Goulart to replace Pinto with one of their men. Leading candidate for the job: Leonel Brizola, 41, Goulart's rabble-rousing brother-in-law and anti-Yankee federal Deputy. At first Goulart seemed to resist, then to wobble: "I have not asked any person to take part in the Cabinet. But if I did, I would be using an incontestable, legitimate and constitutional right. The people of Rio gave Brizola the greatest vote they have ever given to a Deputy...
Debts to Pay. Is Goulart's crony Galvao just an interlude before worse comes? The U.S. hopes not. Of Brazil's $3.8 billion foreign debt, $1.6 billion falls due between now and 1965, with the U.S. Government and private creditors holding the bulk of it. Brizola has been crying for an outright moratorium on repayment. But President Johnson wrote Goulart a personal letter offering to help Brazil reschedule its debt payments. "The U.S. Government," said Johnson, "stands ready to participate in negotiations for this purpose." Still, the Brazilians gave little sign that they had much present intention...