SAO PAULO, June 15 (Reuters) - For the first time, investors saw Brazilian debt as less risky than highly rated U.S. debt, which Finance Minister Guido Mantega said on Wednesday was a reflection of Brazil's economic resilience and soundness.Great news when investors begin to look accurately at sovereign debt. Hopefully this will stop the borrowing in DC.
Mantega, speaking at a news conference in Brasilia, boasted that financial markets briefly perceived the once debt-laden emerging market economy as bearing lower risk than the United States thanks partly to its stronger fiscal position.
Wednesday, June 15, 2011
Breaking the back of DC borrowing
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