Haddad says he has not felt like applying ‘Milei’ remedy in Brazil
Finance Minister Fernando Haddad said on Thursday, 20, that Argentina faces a very different situation than Brazil and makes no sense to apply here the same prescription of the president of the neighboring country, Javier Milei.
“Applying the same medicine as Milei in Brazil is a mistake. It’s a completely different situation,” he said during an interview with GloboNews.
He pointed out that the annual inflation of the country is practically that of a month in Argentina, which also goes through external problems, has no currency reserve and has already signaled the possibility of donating the economy.
“We are in another footprint, we are in another environment. President Lula in the first terms has taken steps to solve the Brazilian external problem,” he said, citing the payment of foreign debt and the accumulation of reserves at a level of over $ 300 billion.
Haddad: Current Selic is momentary; We will not keep 8%, 9% real interest lifetime
He considered that real interest rates will not remain at 8 or 9%, as this could suffocate the economy
Haddad: ‘I’m a friend of these people (market) because I have no enemies’
In the interview, Haddad also defended the reform for the income proposed by the government
For Haddad, with measures like these, Lula would have left the country protected against external turmoil. “In 2008, we went well well for that very challenging international situation. We are still well. Brazil has to protect themselves, including from attacks of any kind, and will continue to strengthen its multilateral relations,” he said.
