MercoPress. South Atlantic News Agency
Levy tries to convince investors in London that Brazil slowdown is temporary
Brazilian Finance Minister Joaquim Levy said he expected the country’s economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom waned. Addressing investors in London, Levy said fiscal discipline was needed to cushion the economy against the inflationary effects of the falling Real currency. Read full article
Comments
Disclaimer & comment rulesDear Brazil
May 16th, 2015 - 08:23 am - Link - Report abuse 0We have loads of money.
Please remind me if you still support Argentina's claim to the Falklands.
Yours
Rich Englishman
Brazil's slowdown is structural not cyclical.
May 16th, 2015 - 11:20 am - Link - Report abuse 0That is why inflation is galloping while growth is non-existent. Brazil can't grow fast enough without the structural deficiencies kicking in to stop growth.
Until Brazil reforms root and branch this will keep happening. Nothing they are doing at the moment will change that.
Start by fixing the dysfunctional federal system and then move onto the regulation dragging down economic freedoms and innovation.
I think he's trying to convince himself. Nobody is going to invest in Brazil until the stink of PBR corruption is gone.
May 16th, 2015 - 11:46 am - Link - Report abuse 0And that's going to be a long long time
He is wasting his time: he appears to think the west is as stupid as Brazil and are just waiting to throw money at them.
May 16th, 2015 - 12:14 pm - Link - Report abuse 0No chance.
Why is this Brazilian travelling all the way to the United Kingdom? Should he have gone to China? Russia? United States? Surely a tiny, little, western nation such as the UK is insignificant to the mighty Brazil? According to Brasiliero. But it seems that tiny little UK worries big, bad Brazil. Isn't it funny how latam's largest economy has to go cap in hand to the little, insignificant UK?
May 16th, 2015 - 01:28 pm - Link - Report abuse 0Or perhaps the UK is neither little nor insignificant? Or could it be that all that Brazil has that's big and bad is its mouth?
The UK is insignificant even, Conquiror. The Minister traveled to Germany and during a stopover of his flight in London the Queen begged for a few words that would raise the self esteem of their poor vassals.
May 16th, 2015 - 03:15 pm - Link - Report abuse 0#6
May 16th, 2015 - 05:07 pm - Link - Report abuse 0Are you putting yourself forward for the Perrier Comedy award ?
You must be on the short list for a post like that. It made me laugh anyway.
@6 brASSHOLE
May 16th, 2015 - 06:45 pm - Link - Report abuse 0you are a bloody joke....get lost !!
@6 Another Brasso. At least this one is somewhat coherent. Well done Brasso 1 or 2 or 3
May 17th, 2015 - 10:03 am - Link - Report abuse 0The problem is nationwide: half of the Brazilian population does not have sewage collection, said Édíson Carlos, president of Trata Brasil, a nonprofit organization of sanitation companies that listed sanitation problems in the bay in a 2014 report. In Duque de Caxias, on the bay’s west coast, just 7 percent of sewage is treated. “The conditions of the bay are the result of years and years of lack of investment,” Carlos said.
May 17th, 2015 - 10:45 am - Link - Report abuse 0http://www.washingtonpost.com/world/the_americas/polluted-bay-could-force-rio-to-move-2016-olympic-sailing-races/2015/05/15/c828bcb6-f362-11e4-bca5-21b51bbdf93e_story.html
Maybe instead of building Soccer stadiums they should have built sewers.
Trying to play like its a developed country is not working.
@ 10 yankeeboy
May 17th, 2015 - 12:18 pm - Link - Report abuse 0“Trying to play like its a developed country is not working.”
It may also be that they have a view of a civilised country which is exactly like their own because they cannot conceive anything else, let alone travelled to any other country.
It certainly seems to be the case for The Dark Country.
Chris, I can assure you that the USA would never allow Pols to have a carreer if they allowed MULTI BILLIONS in construction of Soccer Stadiums that are subsequently used as parking lots when the ONE TIME event is over.
May 17th, 2015 - 12:42 pm - Link - Report abuse 0They're like the Chinese, they really don't understand money, liberals never do.
It makes me physically ill to think that they have mothballed stadiums and sewage running in the road.
There's really something wrong with the people who live in these types of countries.
They're not meant to have good lives
nor do they deserve it.
@6. Ooooh, dear.
May 17th, 2015 - 03:51 pm - Link - Report abuse 0“Levy, in Britain to attract investors to the concessions” is taken from http://uk.reuters.com/article/2015/05/13/brazil-levy-idUSE6N0WK0020150513
@10. Looks like no sailing at the Olympics then. Reading the article you linked to, I'd be afraid the boat would melt! I can foresee many countries refusing to compete!
“The Minister traveled to Germany and during a stopover of his flight in London the Queen begged for a few words that would raise the self esteem of their poor vassals.”
May 19th, 2015 - 12:57 am - Link - Report abuse 0Yes indeed. And as Levy is not that important nor that powerful, when requested to stop in Lomdon by the powerful British monarch, he did.
As he should.
And as a poor vassal, I do hope that Levy's self esteem was raised by such a command. Because he didn't get an audience with the Queen.
He isn't that important. The Queen meeting such a vassal really is beneath her.
Anyway I hope he found some money...... and self esteem.
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