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To: elmatador who wrote (91279)6/9/2012 12:40:19 PM
From: Snowshoe  Read Replies (1) | Respond to of 218005
 
Mass migration to Brazil!



To: elmatador who wrote (91279)6/9/2012 12:50:50 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 218005
 
Spain Will Make Decision On Bailout After Fin Min Talks - EFE
09-Jun-2012

MADRID--Spain's government will make a decision on whether it immediately requests a European Union bailout for its troubled banking sector after a conference call between euro zone finance ministers scheduled for 1400 GMT, the country's state-owned news agency EFE reports, citing government sources.

Spain's government didn't request the conference call, and is currently studying the contents of an IMF report released Friday, with estimates of capital needs for the country's banks.

The IMF said Friday Spanish banks need about EUR40 billion in additional capital to guard against further deterioration in the nation's economy, a key figure expected to guide European policymakers weighing a rescue for the banking system.

The fund said "important vulnerabilities" remain in Spain's financial system and that the nation's banks need government support to prevent further turmoil. The financial sector is struggling under the weight of deep losses from a housing downturn that has crippled banks and the broader Spanish economy.

"The extent and persistence of the economic deterioration may imply further bank losses," said Ceyla Pazarbasioglu, deputy director of the IMF's Monetary and Capital Markets Department. "Full implementation of reforms, as well as establishing a credible public backstop, are critical for preserving financial stability going forward."

Write to David Roman at david.roman@dowjones.com
(END) Dow Jones Newswires



To: elmatador who wrote (91279)6/9/2012 3:43:15 PM
From: Haim R. Branisteanu3 Recommendations  Respond to of 218005
 
from the blog comments

June 8, 2012 at 2:41 pm

Are you aware that brazilian grouth last year was only 2.7 % and this year is going to be under 2?are you aware that the brazilian real devaluated by 25% within 4 months?
Are you aware that 1/3 of brazilians are receiving “bolsa familia” and are not counted in the IBGE unemployment rates?
Are you aware that the number of favelas in brazil has actualy trippled in the last 10 years
Are you aware that about 10 of the brazilian ministers where trown out for corruption charges
Are you aware that the avarage salary in brasil is about 200 dollars/month and everything costs alot more them most developed countries?
Are you aware that with the Real devaluation(the real is still artificialy overvalued) brazil is no longes 6th economy it went down to 8th , brasil was 6th economy artificialy for just about 3 months

get your facts straight , brazil is in deep shit


Hank Chinaski says:

June 8, 2012 at 7:14 pm

“Banana Republic indeed but certainly freer than the USofA or any of its cohorts. I am nor sure where you live or where you’re based but I can assure you of this: unless you are either in South America or in Asia you are in deep shit my friend”

FREER?

That is a complete joke to say that while at this very moment a law about press restriction is being considered in Brazil.

FREER?

Go walk with a nice watch in Brazil or tell me if you feel “free”.


If Brazil is so “free” how come people are buying bullet proof cars like crazy?

Shouldn’t they be buying convertibles???

If Brazil’s economy was doing so well and the country was so “free”, considering the weather, picanha, samba and agua the coco Brazilians would be buying convertibles like crazy and not defaulting on 1.0 cars, right?

If the country is so “free”, why any Brazilian with money is buying property in Miami? shouldn’t rich people in America and Europe be buying property in Brazil instead?


You are so mistaken and so deep in Plato’s Cave it’s not even pathetic, it’s just plain sad.

But hey, keep on thinking you are freer.

Every 4 years when time comes to press the colored buttons in the voting machine you feel “so” free, and then complains about “how the politicians are all thieves” months later, time and again, time and again, time and again.

Is that real “freedom”? The “freedom” to be raped and mugged by left, right, centre?

My best advice: go to one of the sad, Banana Republic airports in Brazil, check in to a flight to anywhere mildly civilized, pay R$19,90 for a slice of pizza at the airport (true story) while you wait for your flight, then land somewhere civilized, see for yourself if Brazil is really “free” or if you actually have been living in a cave all the time.

Just for you:
http://en.wikipedia.org/wiki/Allegory_of_the_Cave