Thursday, December 2, 2010

European Crisis: Portugal Should Seek Loans from Brazil

Brazilian newspaper O Estado de Sao Paulo reports today that Portuguese authorities consider it more advantageous to negotiate loans with Brazil to solve its debt crisis than to seek financial help from the International Monetary Fund (IMF) or the European Union (EU).

A source close to Dom Duarte, Duke of Braganza and head of the Portuguese Royal House, noted in conversation with the Associated Press that "there is a tendency within and outside government (Portuguese) to request the support of Brazil." Also according to this source, "the purchase of Portuguese titles would at present highly advantageous" for both Portugal and to Brazil.

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2 comments:

Luís de Sousa said...

Hilarious, quoting the Duque of Bragança as a news source! On Economics! Portugal has been a Republic since 1910, royalty has had no influence or economic power for the last 100 years.

The Shocked Investor said...

That's a very good point, I also don't know why the newspaper would report the news as coming from the Duque.

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