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Thread: Brazil rejects Europe debt purchase plan

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    Brazil rejects Europe debt purchase plan

    European leaders had floated the idea that developing nations including Brazil and China could provide funding to buy Euro zone bonds, which would help lower yields and ease pressure on countries such as Spain and Italy.

    But Brazilian Finance Minister Guido Mantega echoed calls for Europe to solve its own burgeoning fiscal problems, saying Brazil had no intention of making such purchases.
    "I believe that European countries do not need funds from Brazil to buy bonds. Brazil is not considering it," Mantega told reporters in Brasilia. "They have to find solutions to the European problems within Europe."
    Brazil rejects Europe debt purchase plan | Reuters

    Memo to retards in DC: Take the hint
    Jackboots always come in matched pairs, a left boot and a right boot.

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    Re: Brazil rejects Europe debt purchase plan

    What's the hint for?
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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    Re: Brazil rejects Europe debt purchase plan

    Quote Originally Posted by Aunt Spiker View Post
    What's the hint for?
    That eventually China is going to no to continuing buying US debt and to get the house in order.
    Jackboots always come in matched pairs, a left boot and a right boot.

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    Re: Brazil rejects Europe debt purchase plan

    Quote Originally Posted by Cold Highway View Post
    That eventually China is going to no to continuing buying US debt and to get the house in order.
    Oh - well China's outright said they'd stop gov to gov - but business to gov is a different beast.

    However - the government will never get the hint. Ever.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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    Re: Brazil rejects Europe debt purchase plan

    Quote Originally Posted by Cold Highway View Post
    Brazil rejects Europe debt purchase plan | Reuters

    Memo to retards in DC: Take the hint
    How the times have changed!

    Now former a communist country and developing countries are being asked to help finance long established world democracies, and rightly rejecting them.

    Alexis De Tocqueville's "Democracy in America" and Hayek's "Road to Serfdom" should be taught in all schools everywhere.

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