Wednesday, March 30, 2011

Portugal in Crisis: Brazil May Buy Portuguese Debt

President Dilma Rousseff said yesterday that Brazil is studying ways to help Portugal. Among those considered is the purchases of Portuguese bonds or debt, or foreign debentures.

Also, the country may anticipate the repurchase of Brazilian debentures owned by the Portuguese government.

Brazil is also a major holder of US treasuries, with $197B as of January (behind China, $1.15T, Japan $885B, U.K. $278B, and all the oil exporting countries packed together at $215B).

How the tables turn.

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