21. Rocked by the turmoil in Asian markets, Brazil took harsh steps Monday to cut spending, raise taxes and reduce its vulnerability to the whims of currency speculators. 22. The IMF is insisting that South Korea curtail growth, raise taxes and interest rates and slow down the expansion of its powerful conglomerates. 23. The IMF loan likely will require South Korea to slash government spending, raise taxes and reform its financial markets, among other things. |