Dilma confirms Finance minister Mantega is stepping down in October

Tuesday, September 9th 2014 - 03:27 UTC

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President of Brazil Dilma Rousseff has affirmed that current Finance minister Guido Mantega will not carry on in his post should the Workers' Party (PT) candidate win a second term as head of state in October's presidential elections. Read full article

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313toBioBio
Headlines read about wall street optimism for Marina's Brazil. It looks like a pump and dump before Argentina erupts into chaos. Mantega himself said the next administration will have a crisis. Marina means a good investment climate?? Where's the guns to get rid of the corruption and crack?.
Sep 09th, 2014 - 04:02 pm - Link - Report abuse 0
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ChrisR
Dumbass Dilma has left Mantega in position when she should have fired him in 2011 when he lied to the International Investors about the growth rates (or rather the LACK of growth).

Without doubt this was the start of the downward slope for the economy of Brazil. Messing Mr. Market about was the final nail in the coffin.

Too late now.
Sep 09th, 2014 - 05:12 pm - Link - Report abuse 0
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Jack Bauer
Firing Mantega is too little, too late. Not that his inept actions were/are the only cause of Brazil's economic and social woes, there are plenty of other indicators to explain why it's going down the drain : the PT's incomPeTence, big government, corruption, overspending, disastrous foreign policy...and the list could go on forever.
Just to get an idea of the PT's idea of running government, and their penchant for creating jobs (out of nothing) for their pals, today I read an article referring to the whereabouts of a few of the old union leaders, linked to the PT, and who caused more problems than anything else : despite their notorious lack of qualification for their current jobs - they were factory floor workers - they are all in cozy positions in Brasilia, earning salaries of roughly US$ 200,000.00 / year...plus 'benefits'. They had better start looking for work, 'cause come October, agw, they're out !!
Sep 09th, 2014 - 05:51 pm - Link - Report abuse 0
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