With the October presidential elections just three months away, the Brazilian government is pulling out all the stops in its final push to help Lula’s chosen candidate Dilma Rousseff – neck and neck in the polls with main opposition candidate Jose Serra – triumph in the race. Along with an unprecedented surge in lending by public sector banks in H1/10 (led by BNDES and Caixa Economica), the Lula administration has now fully embraced a policy that could help bind its often fickle...
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