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To: Les H who wrote (136809)12/3/2001 7:17:14 AM
From: Tom Smith  Respond to of 436258
 
quote.bloomberg.com

``They are putting up all the defensive rings and bolts and that suggests that announcements are going to come,'' said Juergen Odenius, global head of emerging markets strategy at Commerzbank Securities in London. ``This could mean a devaluation.''

``This is the beginning of the end,'' Fraga said. ``The government is not measuring the terrible social consequences this will have.''