The World - News from June 14, 1987
Brazil’s finance minister said that the latest shock treatment to the nation’s ailing economy does not mean that it will be ready soon to resume payments on its foreign debts. President Jose Sarney and Finance Minister Luiz Carlos Bresser Pereira announced a series of economic measures to battle inflation that some economists predict could hit 1,000% by the end of the year. But Bresser said the measures do not affect Brazil’s position on its $111-billion foreign debt.
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