Alexandre Fenelon wrote:
>-Hmmmm, not so bad, our debt is 45% of the GNP (but it didn´t change
>too much from the 80´s). On the other hand, our current account deficit
>is -4,5% (equal to yours), but I think that the fact that your debt is
>your own currency will make some difference...
Yeah, and we have lots of bombs too, which also helps.
But that's a net debt figure I quoted - debts owed to foreigners less foreigners' debts owed to U.S. creditors. Is there any comparable figure for Brazil?
Doug
-Ahhhh!!! I didn´t understand well the net debt. In Brazil we probably don´t have too much debt owed to us. I will try to find this data, but I would estimate our net debt in 35% at least.
Alexandre