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To: Lucretius who wrote (15298)	1/12/1999 3:39:00 PM
From: MythMan	Read Replies (2) of 86076

Brazil downgraded to hopeful ho ho ho >>Tuesday January 12, 3:19 pm Eastern Time Rubin says hopeful Brazil will get through crisis WASHINGTON, Jan 12 (Reuters) - U.S. Treasury Secretary Robert Rubin said on Tuesday he was hopeful ailing Brazil could work its way through a serious economic crisis but cautioned there were no ''certainties''. ''I start with the view that the Brazil program should work,'' he told reporters in a briefing, referring to the country's economic reform program, agreed to as a condition for the $41.5 billion bailout program worked out under the auspices of the International Monetary Fund last November. ''It's a good program when it was announced, and President (Fernando Henrique) Cardoso is deeply committed to getting this done. Politics obviously is the key, but it seems to me there's a lot of reasons to be hopeful that politics will work their way through this, although there are no certainties,'' he said.<<

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