Word: brazile
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Dates: during 2000-2009
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...economists were always right, all we would need is to hire 10 Nobel Prize (winners) and let them run the country," he said in a recent interview. Lula has also pointedly declared his intention to reject IMF demands on inflation targets if he believes those hamper the growth of Brazil's economy...
...empire." In the interview, the PT candidate made it clear that, if he's elected, George W. Bush may have to wait beyond the current 2005 deadline to achieve a hemisphere-wide free-trade pact - especially since, as he notes, Bush preaches free trade to Brazil yet still maintains high tariffs against Brazil's most competitive products, steel and frozen orange juice. Which means the only choice Washington seems to have in Brazil is to be as patient as Lula has been...
...closest challenger, Jos? Serra of the ruling Social Democratic Party, suggests that Lula may already have amassed enough support to win the presidency in the first round of balloting on October 6. And the prospect of his victory has the international community paying more attention than ever to Brazil's fourth election since the country's returned from military dictatorship to democracy...
...reason for the Workers' Party (PT) candidate's commanding lead is simple: The state of the economy. It may be Latin America's largest economy (and the world's tenth-largest) but Brazil goes to the polls amid financial turbulence caused by the ripple effects of the Argentinean meltdown. Last month, the credit rating agency Moody's dropped Brazil's foreign currency bonds to five levels below investment grade, making it even more difficult for the government to borrow money and putting additional pressure on Brazil's foreign currency reserves. This despite the fact that many of the fundamentals remain...
...candidate had, in fact, called for such a default in his early years on the campaign trail in the late 1980s, but since then has, like many erstwhile socialists from the developing world, accepted the basic ground rules of the international financial system. Still, investor anxiety has sent Brazil's currency, the Real, into its sharpest decline since it was allowed to float freely against the dollar...