Brazil's Meirelles says economy sound

Despite the country's current political crisis, Brazil's economy is supported by solid fundamentals that will maintain growth, central bank president Henrique Meirelles said on Thursday 28 July .

Five leaders of the ruling Workers' Party and President Luiz Inacio Lula da Silva's right-hand man Jose Dirceu have left since the bribes-for-votes scandal erupted in June, sparking the worst crisis in Lula's 2-1/2-year presidency.

"The Brazilian economy ... is the result of practical policies seeking

To continue reading...