IPFS News Link • Economy - International
UPDATE 1-Brazil could help euro zone through IMF-report
• www.reuters.com
* EU could send mission to Brazil to ask for help-report
* Markets rose sharply on Thursday on Europe debt deal
SAO PAULO, Oct 28 (Reuters) - Brazil's government could help euro zone nations mired in a debt crisis but would likely limit its aid to a bilateral agreement with the International Monetary Fund, a local newspaper reported on Friday.
Latin America's largest economy does not intend to directly help boost the European Financial Stability Facility to 1 trillion euros, newspaper Valor Economico reported on Friday, without citing a source.
The government of President Dilma Rousseff is waiting for more details of the European agreement to make a decision, Valor added. Brazil would only use a slice of its international reserves if the euro zone plan is solid and effective, Valor said.
Newspaper O Estado de S. Paulo also reported that the European Union plans to send a mission to Brazil to ask the country for help in the rescue plan, which boosted global markets sharply on Thursday as investors saw the euro zone avoiding a disastrous collapse.
No date has been set for the trip, Estado said.