Brazil Needs Imf Funds And Cardoso's Reelection
Ian Katz's comments on Brazil's President Fernando Enrique Cardoso and his decisions vis-a-vis the international financial crisis are off the mark ("Brazil doesn't need a bailout. It needs leadership," Latin America, Sept. 28). His suggestion that Cardoso should have imposed a strong recessionary program and convinced the people that it is the best way to go just weeks from the presidential election is naive. Cardoso was facing an opponent of the unreconstructed Latin American left, and his reelection was the priority of Brazilians and businesspeople across the continent. For much less, President Bush lost in a country where the average voter schooling is 12 years, vs. four in Brazil.
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