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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.511

+2.0%

3:50 PM EST

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To: James Strauss who wrote (7978)	9/14/1998 2:35:00 PM
From: Steve Fancy	Read Replies (1) of 22640

U.S. must act if Latam economies imperiled-Clinton Reuters, Monday, September 14, 1998 at 13:23 NEW YORK, Sept 14 (Reuters) - U.S. President Bill Clinton on Monday urged strong action by the United States and other major economic powers should the financial crisis in Asia and other overseas economies threaten Latin America. "We have to be ready to respond immediately and with financial force if necessary to the currency crisis if it spreads, especially if it threatens the economies of Latin America," Clinton said in a speech to the Council on Foreign Relations. Clinton also said the International Monetary Fund might need to use emergency funds to try to stem the spreading crisis. "The major economies should stand ready to activate the $15 billion now in the emergency funds of the IMF," Clinton added. washington.economic.newsroom@reuters.com)) Copyright 1998, Reuters News Service

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