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To: yard_man who wrote (6031)	9/15/1998 4:09:00 PM
From: Defrocked	Read Replies (2) of 86076

Brazil up more than 1/3 in past 3 days, still down 36% since beginning of year. bloomberg.com Tietmeyer said Germany will not go along with coordinated rate cut which will also leave out France and Italy. UK's George of BOE said rate cut not appropriate for all economies(e.g.UK).Since Japan has already reduced rates, "coordinated G7 rate cut" consists of Canada and US! What are these people talking about???? I think they are confusing a coordinated loan facility from G7 with rate cut. The loan facility is needed since IMF hasn't enough money for Brazil's $80 billion rollover in next six weeks. BWDIK.

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