Soros says central banks should bailout Brazil

ARTICLE - In the wake of the current economic crisis in Brazil, George Soros has said that leading central banks should open their discount windows and refinance the holders of Brazilian debt. Indeed, he expressed surprise that central banks had not already spoken out on this issue publicly.

He said the bailout should involve an appropriate haircut taking account of the cost of the risk, with central banks lending against paper at around 80% of its market value. His remarks came on Thursday

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