Investors Still Catching Up To Brazil Policy Changes -Levy
–Government is fine tuning policies, says former treasury secretary
–Credit expansion not enough to spark growth, says Joaquim Levy
–But Brazil’s government more focused on increasing investments
By Luciana Magalhaes
SAO PAULO–Brazilian government efforts to supplement credit expansion policies with an emphasis on increased investment aren’t yet fully appreciated by foreign investors, former Treasury Secretary Joaquim Levy said in an interview with Dow Jones Newswires.
“Every taxi driver knows that we are not going to grow just because of expanded consumption and credit,” said Mr. Levy jokingly. “So, when investors arrive at the airport and take a cab, they soon …
Article source: http://online.wsj.com/article/BT-CO-20120810-712416.html