The financial market had a bad day in reaction to the statement by President-elect Luiz Inácio Lula da Silva (PT) about the spending cap.
In a speech at the UN Climate Conference, in Egypt, this Thursday (17th), Lula said that it is no use thinking only of fiscal responsibility. According to the PT, the spending ceiling takes money “from health, education and culture”.
Following the declarations, the Ibovespa started to fall and the dollar, on the rise.
Listen to the podcast and also learn about the blocking of 43 bank accounts of people who would be funding anti-democratic acts. Also, a Federal Police operation investigates corruption at the Getúlio Vargas Foundation and bank opening hours on match days for the Brazilian national team.
Production and script: Camila Olivo, Ramana Rech, Rodrigo Tammaro and Nicole Fusco
Audio editing and sound design: Cláudio Cuca
Source: CNN Brasil
I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.
