The money network:

The money network:

Why crowdfunding threatens traditional bank lending

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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September 1996

It's time to bite the bullet


Brazil's finances are being taken in hand. But fiscal reform depends on constitutional changes, and so far president Cardoso hasn't fulfilled any of his promises. The team implementing the Real Plan for recovery believes some measures can be taken without a battle in congress, but these ideas are still on paper. Although inflation is down, external investment is up and privatization has sped up, the markets will give Brazil only so long. Danielle Robinson reports


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