Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.100

+15.5%

Nov 11 3:59 PM EST

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To: Steve Fancy who wrote (12223)	1/22/1999 10:18:00 AM
From: Steve Fancy	Read Replies (1) of 22640

IMF's Ciampi: Brazil's Real Fluctuation Not Worrisome Dow Jones Newswires ROME -- IMF Interim Committee Chairman Carlo Azeglio Ciampi said Friday that Brazil's currency fluctuations should "not be given too much importance" because Brazil has a "solid economy" that should bounce back with international help. Asked about the risk of seeing the crisis spread to other Latin American countries, Ciampi, who also is Italy's Treasury and Budget minister, said: "There are always risks and dangers, but I don't see specific risks." The interim committee advises the International Monetary Fund's board of governors on international monetary supervision issues and global financial crises. Ciampi, also a former governor of the Bank of Italy, was speaking at the end of a weekly Italian government cabinet meeting. -Ralph Traviato; 39 06 678 2543; rtraviato@ap.org

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