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15 May 2012

BRASIL : Dilma Will Cut Electricity Taxes; REAL Hovers At 3 Year Low...2.00.

http://www.reuters.com/article/2012/05/15/us-brazil-rousseff-electricity-idUSBRE84E13720120515


     Teetering on the verge of recession...President Dilma Rousseff is moving to simplify the tax code...by cutting electricity taxes...3-10%...by 2013...for businesses and consumers.
     This...on the day when Brasil's overpriced REAL hovers near 2.00 vs the usd...a 3 year low... finally to Dilma's delight...with imports getting costlier...and exports finally growing cheaper.
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