Scandal—and success
Small rows and better economic numbers
CENTRAL bankers should be immune to anything so interesting as tragic irony. Not in Brazil. On July 28th Luiz Candiota resigned as the central bank's director of monetary policy following allegations in the press of tax evasion. Hence the tragedy. The irony is that, after 19 months of bashing from politicians, entrepreneurs and the press, the central bank can point to the clearest signs of economic recovery since the current team took over in early 2003.
This article appeared in the The Americas section of the print edition under the headline “Scandal—and success”
From the July 31st 2004 edition
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