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Non-Tech : The Brazil Board
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To: Snowshoe who wrote (2)9/10/2010 10:05:50 AM
From: elmatador  Read Replies (1) of 2504
 
Elections update: Lula Lieutenant Calming Business in Brazil
The President's chosen successor, leftist Dilma Rousseff, has crucial support from Antonio Palocci, the man who reengineered Brazil's economy

...

Rousseff, under Palocci's influence, has toned down her rhetoric when speaking to investors. In May she surprised those attending a conference in New York by discussing a possible reduction of Brazil's inflation target—something Lula has refused to consider. Rousseff said it was "very important" to reduce lending by the state development bank, which has more than doubled since 2007. "It was a watershed event, and Palocci orchestrated it," says Carlos Thadeu de Freitas Gomes, a former central bank director who is chief economist at the National Federation of Commerce in Rio de Janeiro. "It was the signal the market wanted that she would follow an orthodox path."

businessweek.com
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