Ubeda, my sister lives in Brazil. She has done for the past twenty five years. She’s the one who advised me of this. When they last bought a property there, about five years ago, they transferred the funds between two organisations in Ireland such was the hassle of doing anything ‘officially’. Whatever the law is, it simply isn’t easy to get money out. A check through the internet forums that deal with Brazilian property will also confirm this.
Chris, I believe we may have exhausted our conversation on this. I’m not going to change my outlook until I see some change in the basic economic circumstances. You’ll remain an EA on the CDS. 🙂