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Montevideo, September 25th 2018 - 17:13 UTC

”If Brazil devalues, Uruguay will follow”, President Mujica tells farmers

Wednesday, September 11th 2013 - 22:02 UTC
Full article 15 comments

President Jose Mujica said that Uruguay is ‘aligned’ with Brazil in economic policy, and if the government of President Dilma Rousseff decides to devalue its currency, “Uruguay will follow” and as Brazil, “Uruguay is not satisfied with the functioning of Mercosur”. Read full article

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  • yankeeboy

    You mean When not If and as I have predicted it will be a race to the bottom

    You can't devalue your way to prosperity.

    Sep 11th, 2013 - 10:25 pm - Link - Report abuse 0
  • Stevie

    No, but you can devalue your way to higher exports.
    Think it's called currency race and it's badly viewed by the rich nations.

    Must be a good thing...

    Sep 12th, 2013 - 01:09 am - Link - Report abuse 0
  • Conqueror

    I'm not surprised that the “meeting took place in a distended atmosphere”. Just look at the fat, cowardly git's belly. Although I suppose he needs it. Given how much time he spends on it licking CFK's parts!

    Sep 12th, 2013 - 04:33 am - Link - Report abuse 0
  • yankeeboy

    2. Currency is only 1 piece of the puzzle, if you could devalue your way to prosperity Argentina would be rich right up there with Zimbabwe.

    All the imports priced in U$ get further and farther away with every penny of devaluation. That is why the large mfg are looking to jump ship in Arg. Pretty soon it will unprofitable to mfg there, again.

    Sep 12th, 2013 - 07:43 am - Link - Report abuse 0
  • ChrisR

    ”We need to make use of the knowledge and experience of old folks, like me”

    Not if they are as fucking stupid as you we don't.

    You CANNOT get you stupid fat head around the fact that giving the poor money does nothing but make them dependent on the state. If you had the brains to adopt an industrial economy as you continually claim, but have failed abysmally to do, they would have work to earn a living at.

    Those who can work, but do not work, as now would then lose their money. Social inclusion is for social / commie star gazers bereft of real ideas.

    I think the farmers union should help Vasquez form the next government; but that won’t happen, it’s too sensible.

    And as for devaluing the currency, I was right when I said Stevie knows as much about the economy as Pepe: fuck all.

    I really love Uruguay and its people. I hate and detest the morons from the old commie terrorists’ pact that run the country, they are running it into the floor.

    Sep 12th, 2013 - 08:23 am - Link - Report abuse 0
  • screenname

    That picture!!!! PNSL!!!! Is this a caption competition, or what?

    “dumb bovine beast speaks to cattle”

    “Mujica and CFK meeting...CFK complains she thought it was an invite to a PRADA show”

    “CFK brings 3 medals for Mujica's support over the mythical malvinas”

    “Mujica is presented with the first hermaphrodite cow... Being a cow, but full of bull, he has named it CFK”

    Sep 12th, 2013 - 09:11 am - Link - Report abuse 0
  • Gonzo22

    All insults and bad words, that's all they can say.

    Sep 12th, 2013 - 09:46 am - Link - Report abuse 0
  • Conqueror

    @7 “All insults and bad words”. Neither. Just the truth. Have a problem with that? Perhaps you'd like to use facts to refute something?

    Sep 12th, 2013 - 10:42 am - Link - Report abuse 0
  • Gonzo22

    @2 It is a good thing. If they complain about it, we're on the right way.

    Sep 12th, 2013 - 10:47 am - Link - Report abuse 0
  • Mr Ed

    Well Brazil, here is a lawyer sitting on top of your tax legislation printed out into 6.2 tonnes of paper. If you wish to stop Brazil from being poor, start by deleting 99% of those laws.

    Sep 12th, 2013 - 12:12 pm - Link - Report abuse 0
  • Stevie

    Hahaha Gonzo
    Live by that rule and you'll be correct 99% of the time ;)

    Sep 12th, 2013 - 01:25 pm - Link - Report abuse 0
  • Brit Bob

    If Brazil devalues Uruguay will follow and Argentina...

    Sep 12th, 2013 - 02:41 pm - Link - Report abuse 0
  • Mr Ed

    @ 10, the missing link. http://charlezine.com.br/legislacao-tributaria-brasil-vira-livro-de-6-toneladas/

    Sep 12th, 2013 - 05:31 pm - Link - Report abuse 0
  • Ayayay

    Those were rational and middle-ground statements from Mujica. More of this from politicians, please.
    Also, YankeeBoy is better than any interviewed talking head.

    Sep 12th, 2013 - 10:51 pm - Link - Report abuse 0
  • ChrisR

    14 Ayayay
    “Those were rational and middle-ground statements from Mujica. More of this from politicians, please.”

    I completely disagree with your statement insofar as we are addressing Uruguay.

    Do you have ANY personal experience of living in Uruguay because you certainly have no understanding of government finance: Yankeebo @1 is bang-on the button.

    What do you think will happen to people’s savings in Uruguay if this devaluation occurs?

    What do think will happen to the value of the US Dollar if the devaluation occurs?

    Are you even aware that Uruguay uses USD for international deals and high ticket priced imports and UYU Pesos for all governmental transactions in-country? Everyone HAS to use the pesos to pay taxes and the monopolistic utility bills.

    Do you still think your statement is valid?

    Sep 13th, 2013 - 01:24 pm - Link - Report abuse 0

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