MercoPress, en Español

Montevideo, June 1st 2023 - 15:55 UTC



Brazil's Levy warns that relaxing spending cuts will only extend the pain

Monday, July 20th 2015 - 07:30 UTC
Full article 12 comments

Brazil's Finance minister Joaquim Levy warned that any attempt to relax spending-reduction goals for this year would inevitably extend the duration of the current fiscal adjustment program. The statement was made on Sunday in a long interview with one of Brazil's leading dailies, Folha de Sao Paulo. Read full article


Disclaimer & comment rules
  • ChrisR

    Come on, Terence Hill aka The Brainless One, tell us WHAT you would do.

    Ha, ha, ha. I am not expecting a sensible answer addressing the problems just more waffle, eh, Brainless?

    Jul 20th, 2015 - 01:14 pm - Link - Report abuse 0
  • Briton

    Cutbacks and more cutbacks , austerity and more austerity,

    until the economy is put to rights,

    A hard pill to swallow but we all have to swallow them at some time,

    its the right things to do.
    just saying like.

    Jul 20th, 2015 - 06:58 pm - Link - Report abuse 0
  • Jack Bauer

    The PT has put Brazil in the shit, and now they don't want to pay the bill.....on the other hand, the longer the current situation lasts, the more likely the PT will implode.

    Jul 20th, 2015 - 10:08 pm - Link - Report abuse 0
  • ilsen

    Where's Brasileiro, eh?

    Jul 21st, 2015 - 12:04 pm - Link - Report abuse 0
  • yankeeboy

    As I said last year even if the Gov't wanted to implement austerity they'd have a hard time doing it.
    They have been paying slum dwellers not to cause mayhem for years.

    Let's see what happens. Inflation is rocketing up, Breal is crashing. Lg Brazilian companies are seeing huge increases in borrowing...
    Perfect recipe for disaster.

    Jul 21st, 2015 - 12:46 pm - Link - Report abuse 0
  • ChrisR

    Never mind Brasso, where's the other Brainless One aka Terence Hill, the well known Brazil expert, NOT.

    Jul 21st, 2015 - 05:22 pm - Link - Report abuse 0
  • Jack Bauer

    Last night on the news, just one more f*ck-up of the Dilma government - the primary superavit for 2015, which is essential to get Brazil moving in the right direction (a savings of about R$ 70 billion), will not happen ; Latest prognosis is 'zero' savings, so it looks like the headline “Brazil's Levy warns that relaxing spending cuts will only extend the pain” has already come true. I just hope that the scum that voted these shits into government, are feeling the pain.

    Jul 22nd, 2015 - 06:07 pm - Link - Report abuse 0
  • Terence Hill

    Ignore the title, the point I believe is that economics (as is politics) is an art and not science.
    That is why not one size fits all i.e. Friedman v. Keynesian economics and I agree with Levy, but he has tough road as the reality is he probably won't have a totally freehand. As the government itself is between a rock and a hard place, as it doesn't have political majority and must attend too maintaining coalition fences.

    Jul 23rd, 2015 - 06:21 pm - Link - Report abuse 0
  • ChrisR

    @ 8 The brainless One

    Well, at last you have responded to my taunts I see with a reasonable comment, though still full of unimportant links.

    But can you answer a genuine question about 'economists':

    You have 3 economists in a room discussing the exact same subject of a failing state economy: how many 'answers' in response to 'what do we do to get out of this' would you expect?

    Let us see whether you have grasped the real meaning of the word 'economist'.


    Jul 23rd, 2015 - 09:56 pm - Link - Report abuse 0
  • Terence Hill

    9 ChrisR
    You're a bit slow on the uptake, lets see if can make things a little easier for you to understand . Three experts would equate to three opinions, thats not hard was it?
    Did anyone tell you your one of the most boring people they've ever met? Your really don't have anything to add to the issues except your reactionary political criticism.
    “In politics, stupidity is not a handicap.” Napoleon Bonaparte
    “Genius is knowing to stay silent as others demonstrate their ignorance.”- Eric Lau
    ”Wise men talk because they have something to say, fools talk because they have to say something. - Plato

    Jul 24th, 2015 - 12:50 am - Link - Report abuse 0
  • ChrisR

    @ 10 The Brainless One.

    No, you are wrong. There would be a MINIMUM of SIX 'opinions':

    'Economists always say after there first opinion 'on the other hand....' Then after someone else has spoken they backtrack to yet another 'opinion' so just like you they can never make their minds up.

    I like the second-hand quotes now try the obvious on which is perfect for you: 'if you cannot decide what to say, say nothing.'

    Can you tell me who said that?

    Jul 24th, 2015 - 06:55 pm - Link - Report abuse 0
  • Terence Hill

    11 ChrisR
    Of course you would believe out of hand that something that stupid about economists. You seem to have a problem with any professional body. Most professional organizations have rules pertaining to unethical conduct. If you had belonged to such an organization you would be familiar. So according to you polls are definers of truth and that such a poll indicates used car-salesmen as having higher ethical standards than others. According to your logic Argentina's claim to Falklands is truer than the UK's, if they can garner more support.
    Whoever undertakes to set himself up as a judge of Truth and Knowledge is shipwrecked by the laughter of the gods. – Albert Einstein
    Knowledge of the world depends on the power of drawing general inferences from individual examples; and he is the most likely to be correct who has the greatest number of facts at his command.
    “We tend to idealize tolerance, then wonder why we find ourselves infested with losers and nut cases” Patrick Nielsen Hayden
    Those penis enlargement pills most be working, you're a bigger dick than you were last week
    Bright Minds and Dark Attitudes
    Lower Cognitive Ability Predicts Greater Prejudice Through Right-Wing Ideology and Low Intergroup Contact
    Gordon Hodson and Michael A. Busseri Brock University

    Jul 24th, 2015 - 09:35 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!