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Charlie Rose Talks to Arminio Fraga
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Brazilian central banker Fraga offers his views on the debt crises and high unemployment facing the eurozone and the U.S. He says that a system where losers don't pay or have the rules set in a way that they don't pay is both inefficient and extremely unfair. This is something that people don't accept for long. About markets he says they operate well when the regulatory system is working well, with both going together. On business cycles he points out that there is no way to get rid of the business cycle or the downswing and just have the upswing only- this just ends up being a delusion.
Brazil's central banker Arminio Fraga- views on debt crises and high unemployment in Europe and the U.S.
06/30/2011
Grouped Articles
Charlie Rose Talks to Arminio Fraga
BusinessWeek 06/30/2011
Washington Post 08/07/2011
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