Thursday, March 31, 2011

Brazil could buy debt Portuguese

The president of Brazil, Dilma Rousseff, told the daily Diario Economico, Wednesday, March 30 that his country could "buy back part of the Portuguese sovereign debt" to "participate in the recovery of the Portuguese economy". "We're also looking at alternatives, such as early redemption Brazilians currently in the hands of the Portuguese government," she added.

Wednesday already, Dilma Rousseff said that Brazil was ready to "help Portugal as part of [his] law," stating that the purchase of foreign debt was framed by strict rules in Brazil. The president of Brazil is now in Coimbra, central Portugal, where she was to attend on Wednesday morning at a ceremony of homage to his predecessor, Luiz Inacio Lula da Silva, from the University of the city.

The Brazilian president, however, had cut short his visit because of the death of Vice-President José Alencar, canceling scheduled meetings Wednesday afternoon with his counterpart Anibal Cavaco Silva and Prime Minister Jose Socrates. In an interview with Diario Economico, Ms. Rousseff also said that many Brazilian companies were "interested in the Portuguese market" and wanted greater cooperation between the two countries, particularly in "areas of energy, tourism, aviation, telecommunications and media.

"Portugal is a very important country for Brazil. This is our gateway into Europe, "she said.

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