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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (47489)	3/16/2009 2:46:10 AM
From: elmatador	Respond to of 218482

Lula and Obama closed the agenda of both countries for the G-20 meeting Apr. 2nd. Mantega is saying: There is no alternative. US have to nationalize US banks. Having not yet nationalized them because of ideological reasons. Among other things he said: Only China has better conditons than Brazil to get ot of the crisis. Brazil's fiscal capacity is bigger because it saved ahead of time. The Chinese in counterpart have 2 trillion of reserves. Can be aggressive in distributing credit and stimulate inernal market and investment. GDP can even fall but it is from 12 to 6% and can be still reach 8% in 2009.