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

To: Steve Fancy who wrote (9514)	11/9/1998 1:56:00 AM
From: Z Analyzer	Read Replies (1) \| Respond to of 22640

<<"In terms of emergency, transitory measures, the fundamental element (in the plan) is without doubt the CPMF increase," Pedro Parente, executive secretary at Brazil's Finance Ministry told O Globo newspaper in an interview published Sunday. "It is fundamental that the CPMF hike is approved by Congress by the end of the year," he said.>> Let me make sure I understand this. Brazil wants $30 billion now and then they want nearly two months to squabble over over whether they keep the most important part of their end of the bargain. Sounds like business as usual.