By Lise Alves, Senior Contributing Report
SÃO PAULO, BRAZIL – The finance minister for Brazil, Guido Mantega, stated on Thursday that the impacts of Argentina’s latest financial woes on the Brazilian economy are likely to be almost null. Argentina is seen as defaulting on the billion-dollar debt after days of negotiations broke down on Wednesday night and no deal was reached.
“There is no direct impact since we are talking about a segment of the market which is very small. What may be affected are future restructuring of the debts which may be incurred in the future,” Mantega . . .