Brazilian pensions reform stumbles with first challenges; markets remain volatile

Wednesday, March 27th 2019 - 08:23 UTC

Full article 5 comments

Brazil's pension reform process hit two speed bumps on Tuesday, as Economy Minister Paulo Guedes did not attend a first congressional hearing on the proposals and a bloc of eleven political parties demanded the removal of changes affecting retirement benefits for rural and disabled workers. Read full article

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:o))
FROM: Bloomberg:
https://www.bloomberg.com/news/articles/2019-03-27/brace-yourself-corporate-america-taxes-are-about-to-go-up?utm_medium=social&cmpid%3D=socialflow-twitter-economics&utm_campaign=socialflow-organic

HOW S00N can BR follow? The S00NER - the BETTER!
Mar 27th, 2019 - 02:14 pm - Link - Report abuse 0
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Jack Bauer
“His absence is very bad. Fleeing from debate is never a good solution,” said opposition leader Alessandro Molon of the Brazilian Socialist Party”.

What drama .......Guedes wasn't fleeing from the debate......he simply decided that since the Rapporteur of the Bill in the Lower House had not yet been appointed, there would be little or no benefit in making an appearance....but of course, the press omits this fact, and to be expected, the moron Alessandro Molon couldn't resist making a mountain out of a mole hill.
Mar 31st, 2019 - 09:54 pm - Link - Report abuse 0
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:o))
@Jack Bauer

REF: “mountain out of a molehill”:

True - mostly, this is the case [it's their job; afterall]!

Title: pensions reform stumbles + markets remain volatile

Market continue to remain volatile/hostile! So NOW is the time for the Great Super Minister to show what he really is made of - if he is:
- an Economist
- Economist+Politician
- just another [one more] POLITICIAN!
Apr 01st, 2019 - 01:26 pm - Link - Report abuse 0
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Jack Bauer
@:o))
I don't believe Guedes will resign without a damned good fight...which would imply that either the pension reform is NOT passed, or passes with so many alterations that the reform is innocuous (does not help reduce the yearly public deficit) ....if either happens, then Brazil will be bankrupt in a few years, and I'd like to see the current opposition try to fix things, with first, a situation as bad, or worse than that caused by them in 2013/14, and second, their uncontrollable urge to steal.......I think civil unrest - or the military - would take care of the rest.
Apr 01st, 2019 - 05:41 pm - Link - Report abuse 0
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:o))
@Jack Bauer

REF: “I don't believe Guedes will resign without a damned good fight”“

I too believe + hope so too!

It all depends on ”how long” the ship can go on dodging the icebergs! The Whole Picture is far - too far - from being rosy! With the states spending increasingly + without any limit/discipline - as if there is no tomorrow; NONE could put the humpty-dumpty together!
Apr 01st, 2019 - 06:32 pm - Link - Report abuse 0
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