Word: goulart
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Brazil lives in an endless financial crisis, is so deeply in debt to other countries that it is on the brink of bankruptcy. The country's inflation is incredible: prices went up about 85% last year. Much to blame is the government of demagogic President João Goulart, who hints that he would turn to the Soviet Union if the U.S. cut its financial aid. The U.S. continues to pour in money, will probably reschedule all Brazil's debts soon for easier payment...
...DEMANDS CTI ON CL IN GBA, announced the headlines in Rio news papers. Too much bottled cheer in the composing room? Not at all. As savvy Brazilians saw at a glance, it was the 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...
...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...
Scoffed Carvalho Pinto: "Brizola has every right to become Minister of Finance, since he fulfills all the constitutional requirements for the job-one of which is to be more than 20 years old." By now Goulart was busily circumscribing Pinto's authority, and Pinto resigned as a matter of duty-"the duty of being coherent at an hour when the demagoguery of some and the greed of others seem to prevail...
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...