Showing posts with label Central Bank of Brazil. Show all posts
Showing posts with label Central Bank of Brazil. Show all posts

Monday, September 19, 2011

Brazil's Tombini Urges Global Economic Coordination To End Crisis

LISBON -(Dow Jones)- Central Bank of Brazil President Alexandre Tombini Monday gave a strong warning to matured economies that unless they coordinate efforts to control the sovereign-debt crisis, the global economy will head toward a severe slowdown.

"The economic scenario is extremely complex, and if we don't do anything, it will deteriorate further in the next months," Tombini said at a conference of central banks of Portuguese-speaking countries.