Brazil battles EU export declines

European crisis hitting brazil economy hard

As Europe continues to suffer from a sovereign debt crisis, Brazils economy is being hit hard and President Dilma Rousseff has said that her country is likely to join a rescue plan. The news comes as the European Commission announced that it will soon present plans on jointly issued eurozone bonds but warned of no simple solution to the crisis.

Rousseff complained that bickering between politicians in developed nations is hampering any revival of their economies. There is not an international solution to this problem. Since there's no possible form of solution to the euro region problem, then what we need is that that they decide and come up with a framework for a rescue, Rousseff said.

Central Bank President Alexandre Tombini has said that Europe needs to act swiftly. Talking to local newspaper Brasil Economico, he said: The best scenario would be quick and definitive action that re-establishes normality and shifts the debate to sustainable growth measures.

As Europe continues to suffer from a sovereign debt crisis, Brazils economy is being
hit hard and President Dilma Rousseff has said that her country is likely to join a
rescue plan.

Editor:James |Source: CNTV

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