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Brazilian ruling coalition members sign letter pledging to support austerity package

Thursday, April 9th 2015 - 03:28 UTC
Full article 26 comments

Brazilian congressional leaders within President Dilma Rousseff's coalition signed a joint letter on Wednesday pledging to support her austerity package, an unexpected sign that the ties with her unruly coalition are improving. The deal was brokered by Vice President Michel Temer on his first day as the official go-between tasked with mending Rousseff's tense relations with coalition lawmakers. Read full article

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  • Englander

    Thought she was a socialist.

    Apr 09th, 2015 - 08:40 am - Link - Report abuse 0
  • Brasileiro

    She is socialist.

    Lula 2018!

    Apr 09th, 2015 - 09:45 am - Link - Report abuse 0
  • yankeeboy

    What do they expect when they took 100s of Billions U$ of wealth out of PBR? Its pretty hard to upgrade or do anything without cash. Now they've ruined, possibly for good one of their best national companies and thrown their oil/gas industry into reverse. Who knows when it will get worked out. Surely not soon enough.

    The slum dwellers will riot.
    That's a given.
    Its just a matter of time.

    Apr 09th, 2015 - 12:15 pm - Link - Report abuse 0
  • Brasileiro

    You give evidence that knows nothing about oil, water or Brazil.
    Petrobras has never been stronger. Cheating the US government and its oil companies sponsored are not giving the desired results.

    In 2015 only the BP shares appreciated more than Petrobras shares on the NYSE. (12,05% X 11,52%).

    Why your prediction never confirm?

    Apr 09th, 2015 - 12:34 pm - Link - Report abuse 0
  • Skip

    Petrobas 2014 share highlights:
    02/01/14 traded at US$13.32
    02/09/14 traded at US$20.65 and the year's peak
    31/12/14 traded at US$7.30

    45% drop over year.

    Petrobas 2015 share highlights
    02/01/15 traded at US$6.76
    22/01/15 traded at US$7.65 and so far the year's peak
    13/03/15 traded at US$5.01 and so far the year's trough
    08/04/15 traded at US$6.92

    2% increase this year.

    11.52%? No longer if ever.

    Apr 09th, 2015 - 01:32 pm - Link - Report abuse 0
  • Brasileiro

    No. Not is true!

    http://tijolaco.com.br/blog/?p=26163

    Apr 09th, 2015 - 01:48 pm - Link - Report abuse 0
  • ilsen

    Skip.
    You may want check the company name in the 2nd part of your post.
    -------
    Austerity Measures in Brazil?
    Chickens coming home to roost.
    Have they run out of spending other people's money?

    Tough times ahead. Shame so much was stolen and not reinvested. Greedy corrupt 'socialists' robbing their own people as usual.

    Apr 09th, 2015 - 01:50 pm - Link - Report abuse 0
  • Brasileiro

    There is corruption in every country in the world.
    With a very important detail: in Brazil corruption happens in retail and is being fought. Successfully! In the United States corruption is mostly wholesale and is not managed.
    Maybe that's why the last ten years the United States was where there was the greatest deterioration in income distribution rates in the world.

    Apr 09th, 2015 - 01:59 pm - Link - Report abuse 0
  • ilsen

    Skip. Please ignore my earlier comment. I mis-read your post. Apologies.

    As you were.
    :)
    ------
    Brasso, you really shouldn't post that when most of your Government and your largest nationalised industry is being investigated for fraud and corruption.
    How is that not wholesale?
    You have no 'important points' to make.
    Really, you are a disgrace to the human race.

    Apr 09th, 2015 - 02:12 pm - Link - Report abuse 0
  • yankeeboy

    PBR 1 Yr % Change -48.08

    Brasso, I am rarely wrong. PBR is hanging on by its fingernails. Most likely their bonds will be called and Fraud charges will be leveled.
    What these SoAms nationalists never seem to understand is that these troubles are just the beginning of what's to come.
    They're no way near done.

    PBR just announced today that they are giving up 5 drills because of the Fraud.

    Just the beginning

    Apr 09th, 2015 - 02:26 pm - Link - Report abuse 0
  • Brasileiro

    http://tijolaco.com.br/blog/?p=26163

    I sent you the link again. If you disagree without showing sources, I'll think you have a serious mental health problem.

    Apr 09th, 2015 - 02:29 pm - Link - Report abuse 0
  • yankeeboy

    I understand PBR las lost over 45 yoy.

    http://data.cnbc.com/quotes/PBR

    Its right there on the daily chart.

    What don't you understand?

    Sheesh you're as stupid as Toby. Are you related?

    Apr 09th, 2015 - 02:43 pm - Link - Report abuse 0
  • Brasileiro

    You are not using the same timeline that I am.
    I contend that Petrobras is fine now, proving that exceeded, or is in the process of being overcome the challenges posed by the fight against corruption.

    And more. We will ensure that no US oil company are part of the pre-salt success.

    Apr 09th, 2015 - 02:53 pm - Link - Report abuse 0
  • Englander

    Austerity.....Socialism.
    The possibilities do not exist.

    Apr 09th, 2015 - 03:02 pm - Link - Report abuse 0
  • yankeeboy

    13. How can it be over when the SEC investigation and the USA court cases haven't even started?

    Wishful thinking retard
    Wishful thinking

    Apr 09th, 2015 - 03:05 pm - Link - Report abuse 0
  • Brasileiro

    United States does not represent absolutely nothing for us. Do can you understand this?

    Simply is not important what you do or do not do!

    Apr 09th, 2015 - 03:11 pm - Link - Report abuse 0
  • ilsen

    Brazil and Petrobras are mired in deep investigations into corruption right now!

    It is not over yet and I expect there is a lot more to come. Brasileiro still doesn't understand just how much he has been exploited by the people he voted for.

    Geez!

    Apr 09th, 2015 - 03:14 pm - Link - Report abuse 0
  • Captain Poppy

    WTF has their hand up Brasshole's ass today. One day he/she speaks nearly flawless English and the next it's as broken as the Venezuela.

    Apr 09th, 2015 - 04:06 pm - Link - Report abuse 0
  • Skip

    Brasileiro

    Please post Petrobas' current share price.

    I double dare you!

    Apr 09th, 2015 - 09:32 pm - Link - Report abuse 0
  • ChrisR

    The burning question has to be what were these political denizens of Brazil PAID to sign this worthless sheet of paper?

    Morte de Lula em 2015!

    Apr 09th, 2015 - 09:47 pm - Link - Report abuse 0
  • Brasileiro

    Skip,

    https://www.google.com.br/?gws_rd=ssl#q=pbr+nyse+cota%C3%A7%C3%A3o

    Apr 10th, 2015 - 01:05 am - Link - Report abuse 0
  • ilsen

    Brasileiro

    You really need to learn about US investment in Brazil, and about contracts underwritten in the USA before you post such ignorant comments such as “United States does not represent absolutely nothing for us”

    The USA has great influence in your economic sphere, and your economic well-being.
    Truly, if you expelled all US companies from Brazil, and ceased trading with the US completely, your economy would collapse overnight.

    Apr 10th, 2015 - 01:38 am - Link - Report abuse 0
  • Skip

    Thanks Brasileiro.

    You do realise you just proved me right? And yourself wrong!

    I'm starting to think you are paid to make Brazil look bad.

    Apr 10th, 2015 - 02:58 am - Link - Report abuse 0
  • ilsen

    Is Brasil starting to face reality?
    Or being forced to?
    Maybe not all 'socialist paradises' are created equal?

    arrfffffffffffffff!

    Apr 10th, 2015 - 05:59 am - Link - Report abuse 0
  • Brasileiro

    Ilsen, you are completely crazy! An Skip is a LIAR!

    Apr 11th, 2015 - 02:54 pm - Link - Report abuse 0
  • Skip

    Bahahahahahahaha

    Brasileiro is starting to get so touchy. Reality in Brazil must hurt.

    Apr 12th, 2015 - 01:31 am - Link - Report abuse 0

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