MercoPress. South Atlantic News Agency
Temer admits Brazil “lacks solid institutions”, but foreigners are eager to invest in the country
President Michel Temer said that “Brazil doesn’t have solid institutions” and that is why, “small factoids” menace the country’s institutional framework. Temer made such statements during an event Monday evening with private businessmen. Read full article
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Disclaimer & comment rulesSo if Brazil lacks solid institutions, and Argentina lacks solid institutions, and Brazil is massively corrupt, and Argentina is massively corrupt, then what is it about Brazil that can presumably attract foreign investment?
Dec 01st, 2016 - 09:35 pm - Link - Report abuse 0Q: What is it about Brazil that can presumably attract foreign investment?
Dec 02nd, 2016 - 01:48 pm - Link - Report abuse 0A: ALL kinds of corrupt practices will be LEGALIZED in Brazil!
The fact is that everyone believed that the institutions were solid, and upto recently they gave the impression they were, but with all the political instability (aggravated by the economic recession), and the Legislative branch rushing to protect its arse, by trying to trample on the Judiciary, one concludes that the foundations might not be that solid after all...it's about time that Congress realized it is not sovereign, as the president of the Lower House stated a few days ago, but the representatives of the people....to hell with all the SOB's (with the exception of perhaps a dozen out of 500)..
Dec 05th, 2016 - 09:56 pm - Link - Report abuse 0The mess which Brazil is in, it's either due to the political instability aggravated by the economic recession or its the other way around - economic recession aggravated by the political instability & the “Accumulated Scandals” in which ALL [or almost ALL] the politicians are involved, directly or indirectly. Irrespective of the reasons; it is a BIG MESS which is likely to get even bigger by the day!
Dec 06th, 2016 - 10:52 am - Link - Report abuse 0REF: “Foreigners are eager to invest”:
Is it to make a Momentary Quick-Buck or it's on a long-term basis for setting-up industries?
Are they the speculators?
Or are they the entrepreneurs?
Foreign investors, whether it be with speculative or productive capital, know that in Brazil's domestic market, there's a lot of money to be made....once they see the political situation stabilizing, they'll be back...
Dec 07th, 2016 - 09:19 pm - Link - Report abuse 0Commenting for this story is now closed.
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