The Bank of the South is already a reality. Enthusiasts say it is another integrationist project under way in Latin America. But others are more skeptical and say that the Bank could just turn into a "tit" to feed Latin America's major capital interests. Last week's decision in Quito to create the Bank of the South indisputably signifies another step towards Latin American integration. Now, not only the countries that make up ALBA are involved but also countries like Argentina, Brazil, Ecuador and Paraguay.
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Brazil economic respect has just been upgraded to investment grade. Globally, The global concern is infinitely greater then an anachronistic perception of S.A.
The future is about the future and not the past. Brazil's concern is Law, Infrastructure, Education, and the providing of an economic existence for its millions of poor.
Perhaps when all this is accomplished Brazil can revisit this Ponzi scheme.
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Brazil economic respect has just been upgraded to investment grade ?????????? written by ch.c.,
May 25, 2007
AES.....JUST FOR ONCE.....please name your source !
Brazil was upgraded....but HAS NOT YET RECEIVED THE INVESTMENT GRADE STATUS !
Once more you just show how uneducated and idiot you are !!!!!!
Ohhh by the way, did you ask FIESP or Brazilians farmers if due to the high Real currency, they effectively get 1,3 Reais for every Reais they export ??????
Please....please....AES the junkie.....why dont you never answer or provide your sources ?????
laugh....laugh....laugh....laugh !!!!!
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GTY: Fitch, Reuters, Bloomberg, Standard and Poors written by aes,
May 26, 2007
By some measures Brazil is already an investment grade economy. Standard & Poor's yesterday raised its local currency sovereign rating by two notches to investment grade, although the foreign currency rating matters more to analysts and investors.
Fitch's "country ceiling" - the general upper limit on ratings for non-government issuers - is also at investment grade.
Several private issuers, mostly big industrial groups and banks, already have investment grade ratings, some even higher than Fitch's country ceiling. There is little mystery about what has driven the recent upgrades.
Brazil's macroeconomic "fundamentals" - its trade balance and balance of payments, inflation, the profile of public debt - have all improved steadily in recent years. This year alone Brazil has accumulated more than $35bn in foreign reserves bringing the total to more than $120b
The Bank of the South is already a reality. Enthusiasts say it is another integrationist project under way in Latin America. But others are more skeptical and say that the Bank could just turn into a "tit" to feed Latin America's major capital interests. Last week's decision in Quito to create the Bank of the South indisputably signifies another step towards Latin American integration. Now, not only the countries that make up ALBA are involved but also countries like Argentina, Brazil, Ecuador and Paraguay.
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The future is about the future and not the past. Brazil's concern is Law, Infrastructure, Education, and the providing of an economic existence for its millions of poor.
Perhaps when all this is accomplished Brazil can revisit this Ponzi scheme.