Word: edmar
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Dates: during 1990-1999
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...funds were back in circulation. The remainder belonged to increasingly irate middle-class Brazilians who would not gain access to their money until September 1991. "The feeling was that ((Collor and his government)) did something very dramatic, and then they simply blew it off through bad management," says economist Edmar Bacha of the Pontifical Catholic University in Rio. "That gave the impression that the rich got away with it again." The meltdown of the program rekindled inflation, which more than tripled to a rate of 12.9% last month. That set off new price hikes, which led workers to demand salary...
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