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View Full Version : Brazil Real Must Lose 20% to Be 'Sustainable,' O'Neill Says - Bloomberg



NewsWhore
03-12-2012, 12:10 PM
Brazil Real Must Lose 20% to Be 'Sustainable,' O'Neill Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFJTQWeX0datw7N6k2Vk8A2FK4TyA&url=http://www.bloomberg.com/news/2012-03-12/brazil-real-needs-to-lose-20-to-be-sustainable-goldman-s-o-neill-says.html)
Bloomberg
O'Neill, who created the BRIC acronym in 2001 to describe the emerging markets of Brazil, Russia, India and China, said the currency needs to lose a fifth of its value to be “sustainable.” The real strengthened 8.7 percent in the first two months of ...

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