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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?


To: CuttotheCore who wrote (9208)10/27/1998 5:10:00 PM
From: Steve Fancy  Read Replies (2) | Respond to of 22640
 
Brazil's Cardoso Announces BRR8.7B Spending Cuts For '99

Dow Jones Newswires

- - 27/10/98 22-02G



To: CuttotheCore who wrote (9208)10/27/1998 8:36:00 PM
From: MGV  Read Replies (1) | Respond to of 22640
 
Tax increases, devaluation, and pall mall spending cuts are not what I have been wanting to see. The IMF's $30 B is not significant to int'l investors. Wasteful, perpetual entitlement spending under the present SS framework must be altered. Without it, the road will be very difficult.