Case Of Future Shock
That’s got foreign investors and traders worried: this year the real has tumbled, the stock market has fallen and concerns about Brazilian debt levels have risen. Hoping to stem a “wave of anxiety,” Central Bank governor Arminio Fraga last week tapped a $10 billion line of credit from the IMF. He spoke with NEWSWEEK’s Richard Ernsberger Jr. Excerpts: ERNSBERGER: Your Finance minister, Pedro Milan, said last week that investor fears were “flagrantly exaggerated....