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To: long-gone who wrote (25236)	1/1/1999 8:32:00 PM
From: goldsnow	Respond to of 116791

World: Americas Brazil faces 'blood sweat and tears' A frugal ceremony by Brazilian standards President Fernando Henrique Cardoso of Brazil has been sworn in for a second term, at the start of a year which he says will demand "blood, sweat and tears" from all Brazilians. Mr Cardoso took the presidential oath at a ceremony in the lower house of Congress in the capital, Brasilia. In his inaugural address, the President acknowledged that his first term had had both successes and failures and pledged to do everything in his power to reduce Brazil's notorious social inequalities. Mr Cardoso predicted that unemployment would rise but said his government would focus on "those projects which will open up new prospects of job and wealth creation, especially for the young," Facing an economic crisis in mid-1998, the government agreed to introduce strict financial measures in return for a multi-billion dollar loan from the International Monetary Fund. But Mr Cardoso, whose government is composed of a fragile political alliance, still has to persuade Congress to approve the economic plan; it includes social security, tax and political reforms. The BBC Sao Paulo Correspondent, Steven Cviic, says the circumstances of the ceremony were very different to the same occasion exactly four years ago. In 1995 Brazil was a country in a state of euphoria - Mr Cardoso had swept to power as a result of his success in the job of Finance Minister when he brought down the country's notoriously high inflation. This time, the budget for the ceremony was slashed; the number of guests invited was far smaller and the whisky served at the reception afterwards didn't cost the Brazilian taxpayer anything - it came from seizures by customs officials. news.bbc.co.uk