Skip to main content

Fraga sees crisis in Argentina as "worrying"

BRAZIL - Central Bank chairman Arminio Fraga said on Friday that the crisis in neighboring Argentina is "extremely worrying". He compared Argentina to Brazil, stating the former has yet to restructure its state finances, which he said was carried out successfully in Brazil.

Fraga said Brazil is not immune to contagion from Argentina. "I do not believe that degree of separation. We export there and we are losing a market," he said, adding that Argentina is important as it is Brazil's leading partner in the Mercosur trade bloc.

"Brazil is association to Argentina on a global scale," he said, stressing that contagion is being well administered and there is no alarm on the Brazilian market as a result of the situation in Argentina.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.