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Brazil Considers Emergency Loan to Three States

Brazil is considering an emergency loan to aid, as many have called it, the broken state of Rio de Janeiro, according to two senior federal government officials. News reports said the federal loan would be shared with Rio Grande do Sul, and Minas Gerais states, where employees and pension beneficiaries are not getting paid. If the federal emergency aid is approved, the three states would transfer stakes in state companies to the federal government, which in turn could then sell them to...

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