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...But given its fiscal crisis, which has prompted the state of Rio Grande do Sul to sell its stake in regional bank Banrisul, Alfredo Meneghetti, an economist with PUCRS university in Porto Alegre, wonders...
...Davilla/Getty Images; Alfredo Caliz for the FT...
...“We have a lot of reasons to be happy, for there to be a change of mood — it is going to be a different landscape,” says Luis Miguel Etchevehere, president of the Rural Society....
...Luis Téllez, the head of the stock market since 2009, also announced his surprise resignation from January 2015, but his successor has not yet been named....
...The chairman prides himself on his political connections – and there was an especially close relationship with the former prime minister José Luis Rodríguez Zapatero....
...In Rio Grande do Sul, spending on payroll, pensions, running costs and debt service amount to 97.1 per cent of the state’s income....
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