Juggling technocrats and party hats

Orlando E. (Brazil)
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Full list of words from this list:

words only definitions & notes
  1. interest rate
    the percentage of a sum of money charged for its use
    Mr Meirelles promptly raised interest rates to painful levels to scotch inflation and settle financial markets.
  2. legislate
    make laws or bills
    But this distinction is hard to make in practice and even harder to legislate for.
  3. downturn
    a worsening of business or economic activity
    Unlike in past downturns, the government’s fiscal position was strong enough to allow it to pump up spending to see off trouble.
  4. economic policy
    a government policy for maintaining economic growth and tax revenues
    Stardust has recently settled on the shoulders of everyone in economic policy-making in Brazil.
  5. left-wing
    believing in or supporting progressive or socialist ideas
    Mr Meirelles, a former boss of BankBoston, had been elected to congress for an opposition party before being plucked to head the Central Bank in 2002 by President Luiz Inácio Lula da Silva to satisfy investors that a left-wing president would not shy from monetary rigour.
  6. deficit
    an amount that is less than expected or required
    Brazil’s current-account deficit is widening again and is likely to continue to do so.
  7. finance
    the commercial activity of providing funds and capital
    The government is sympathetic, and the finance ministry has hinted that it will do something to help them.
  8. senate
    assembly possessing high legislative powers
    In a general election next October he is expected to run for governor of his home state of Goiás, although he may try for the senate or even the vice-presidency.
Created on Sat Oct 17 04:29:56 EDT 2009

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