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23 June 2009

Brasil's Government Is Slow, Slow Pay!

Justice in Brasil is often very, very slow.

State and local governments across Brasil owe their citizens about $50 billion USD in court issued IOUs...called"precatorios."

An attorney there says that "Brasil has pretensions of being a part of the developed world" but allows these payments to be delayed...sometimes for decades.

http://www.globalpost.com/dispatch/brazil/090622/precatorios
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Labels: Brasil, precatorios
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