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Argentina

By Reducing Surplus, Brazil Wants To Help Argentina Avoid Economic Meltdown

Folha d S. Paulo has uncovered documents showing that Brazil wants to give its struggling neighbor a break on trade deals. It's a sign of how deep are Brazilian fears about Argentina's economic health.

Crossing from Los Ebanos, Texas to Ciudad Diaz Ordaz, Mexico
Argentina-Brazil border (seretide)
John W. Schulze
Natuza Nery and Lucas Ferraz

BRASÍLIA - Argentina is Brazil's third largest trade partner, but the neighboring country is currently facing capital flight, high inflation and a major slowdown of its industry. If the state of economy deteriorates further, some sectors, such as the automotive, textile and food industry, will suffer the consequences -- a situation Dilma Rousseff's government wants to avoid at all costs.

Folha De S. Paulo has uncovered a decision -- not publicly divulged -- to reduce the Brazilian surplus from R$ 5.8 billion ($2.9 billion) in 2011 to R$ 4 billion ($2 billion). The Brazilian government has accepted the $1 billion reduction in bilateral trade surplus with Argentina to help its troubled neighbor, whose economic woes could potentially spread across the border.

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Coronavirus

The Main COVID Risk Now: Long COVID

Death rates are down, masks are off, but many who have been infected by COVID have still not recovered. Long COVID continues to be hard to diagnose and treatments are still in the developmental stage.

Long COVID feels like a never-ending nightmare for those who suffer from it.

Jessica Berthereau

PARIS — The medical examination took longer than expected in the Parc de Castelnau-le-Lez clinic, near the southern French city of Montpellier. Jocelyne had come to see a specialist for long COVID-19, and exits the appointment slowly with help from her son. The meeting lasted more than an hour, twice as long as planned.

“I’m a fighter, you know, I’ve done a lot of things in my life, I’ve been around the world twice… I’m not saying this to brag, but to tell you my background," says the 40-year-old. "These days, I’m exhausted, I’m not hungry, I no longer drive, I can’t work anymore, I have restless legs syndrome.” She pauses before adding sadly: “I can’t read anymore either.”

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