Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.200

+2.6%

Oct 30 3:59 PM EDT

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To: Steve Fancy who wrote (7560)	9/5/1998 2:27:00 AM
From: djane	Read Replies (6) of 22640

"We are not going to nationalize already privatized companies, we aren't going to repudiate debt, we're not going to do anything wrong," Argentine Economy Minister Roque Fernandez said. "We are not Russia." "The financial markets seem to think that the IMF or the World Bank or someone has secret information from the countries that they can't get," said Catherine Mann, a senior fellow at the Institute for International Economics. "So they wait for a magic sign from the international institutions for them to move in a certain direction." These quotes would be funny if they didn't have such a negative impact on real people in Brazil and Venezuela. Moody's action and timing were shameful.

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