Poachers turned gamekeepers.
Is that good for social control, or bad?
> "The speculators were so successful in
> their attack on our currency that they
> not only devalued the real but they've
> taken over the Central Bank," said
> Workers Party lawmaker and
> left-wing economist Aloisio
> Mercadante.
>
> But Mercadante conceded Fraga
> would probably manage to stabilize
> Brazil's newly floated real, an essential
> first step before the government can
> cut soaring interest rates to ease a
> looming recession and reduce the
> threat of a debt default.
Chris Burford
London