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Any prudent government would have been cautious

Thread starter makapaaa
Start date Nov 25, 2009

makapaaa

Alfrescian (Inf)

Asset

Nov 25, 2009

Citigroup Had Offered Brazil a Stake During Crisis, Lobao Says
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By Fabiola Moura

Nov. 24 (Bloomberg) -- Citigroup Inc. had offered the Brazilian government a stake of about 30 percent during the financial crisis, said Brazilian Energy and Mines Minister Edison Lobao.
Lobao said at an event in New York that the government “quickly abandoned” the idea. “Any prudent government would have been cautious,” he said.
To contact the reporter on this story: Fabiola Moura in New York at [email protected]
Last Updated: November 24, 2009 10:23 EST

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