Category: Economy & Policy
Capping Pension Payments
Social Security expenses now exceed revenues by more than $24 billion. The Lula Administration must find a way to stop the excess spending in its federal budget.
Panic Over, For Now
Sovereign bond investors are relieved that the leftist admnistration of Luiz Inácio Lula da Silva promises to meet its financial obligations while pursuing its social objectives.
Brazil’s Defining Moment
When President-elect Luiz Inácio Lula da Silva takes office in January, he caniether srenghthen the institutions needed
for job growth and poverty reduction, or undermine them and face the effects of collapsing economic activity, higher inflation and imploding financial systems. Mohamed El-Erian believes Lula has the guts and the will to restore financial stability to Brazil.
Week ahead in the markets and on the pitch
Indicators rolling out this week as the World Cup monopolizes attention across Latin America