“It is not far from the fact that El Salvador has adopted bitcoin”, said Kenneth Rogoffwho became chief economist at the IMF just in time to witness the macro devaluation of the Argentine peso in 2001. Olivier Blanchard, who took office a few years later, simply called it a “wild”. The Brazilian Finance Minister, fernando […]
Tag: Brazil
Brazil and Argentina aim for common unity, not a single currency
Haddad’s comments on Monday were intended to dispel controversy after the presidents of Brazil and Argentina published an opinion piece saying they were renewing discussions on a common currency for financial and commercial transactions. The idea was met with skepticism by leading economists, who cited a lack of policy coordination and wide inflation differentials between […]
A common currency in South America? This is what economists say
Mohamed El-Erian, chief economic adviser to Allianz SE and columnist for Bloomberg Opinion, wrote on Twitter that the two largest economies in South America are not in a position to make the idea succeed given their current conditions and that the implementation of a common currency is “far from likely”. John Barrearan economist at the […]
Brazil seeks to promote Celac as a platform for Latin American integration
The VII Summit of Latin American and Caribbean States (CELAC) this Tuesday in Buenos Aires seeks to promote the integration of countries that are going through multiple political and economic crises, under the influence of the renewed drive of Brazil after the assumption of Luiz Inacio Lula da Silva. The meeting of this forum made […]
Argentina and Brazil would announce tomorrow the project of a common currency called “South”
One of the most important announcements from tomorrow’s meeting between the Argentine president, Alberto Fernandez, and his pair from Brazil, Luiz Inácio “Lula” da Silvawill be the beginning of the process of creating a common currency between both countries, tentatively called “South”. “There will be a decision to start studying the necessary parameters for a […]
Lula’s team seeks to recover investment grade by the end of 2026
While there are several alternatives on the table to replace Brazil’s main fiscal rule, a cap that limits public spending growth to the rate of inflation, the new Treasury chief said the main condition for the future fiscal anchor is that it open budget space for social investment while generating primary fiscal surpluses (which do […]
Activity in Brazil falls more than expected due to worsening crisis
The central bank’s economic activity index, a benchmark for gross domestic product, fell 0.55% from the previous month, which compares with the median estimate of analysts polled by Bloomberg for a 0.3% decline. Compared to the same month of the previous year, activity increased by 1.65%, according to data published on Friday. The October figure […]
Congressmen increase pressure to expel Bolsonaro from the US
In a letter dated Thursday, 46 Democratic congressmen urged Biden to oust Bolsonaro in light of the Jan. 8 attacks by his supporters on government buildings in Brasilia. They said the violence was “built on months of pre- and post-electoral fabrications by Mr. Bolsonaro and his allies” about the October elections that Luiz Inácio Lula […]
Former Bolsonaro minister is arrested for attempted coup in Brazil
The process for the attacks on the headquarters of the three powers in Brazil had a new chapter this Saturday with the arrest of Anderson Torres, former Minister of Justice of Jair Bolsonaro and accused of being linked to the coup attempt against the president Luiz Inacio Lula da Silva. Torres is accused of “alleged […]
They arrest the former minister of Jair Bolsonaro in Brasilia
Anderson Torres, the former Minister of Jair Bolsonaro was arrested this Saturday in Brasilia (Brazil) in connection with the violent attack on the capital on January 8, for which the far-right ex-president is also under the magnifying glass of the prosecution, local media reported. Torres’ arrest occurred after the director general of the Federal Police, […]