“Countries don’t have friends, they have interests.”
The maxim, which has guided international relations for decades, was never a hallmark of the PT government and, by all indications, it will not be in the third term of President Luiz Inácio Lula da Silva (PT).
The president is in Argentina, on his government’s first international trip. The arrival takes place amidst a lot of noise about an intention to create a common currency between the two countries, which have a strong commercial relationship.
While the Argentines read an article defending the idea, signed by Lula and President Alberto Fernández in a local newspaper, the interlocutors of the Brazilian government tried to disperse the rumor, as if to say: “Pig snout is not taken.”
According to analysts telling the anchor of the CNN Money , Thais Heredia, nobody wants to create a Latin euro. It is a long-term project, the seed of an instrument that can strengthen and increase trade efficiency between the two countries.
The idea lacks basic premises for the debate: Argentina has neither currency nor fiscal grounds to be a stable counterpart for Brazil, not to mention the timing, which signals the dispersion of priorities here in Brazil. Among them, ensuring the credibility of the Central Bank after the confusion created by the government itself about the inflation target, which should also not be on the national agenda.
In this Monday’s episode (23), the CNN Money deals with the risks of creating a common currency between Brazil and Argentina, in addition to the behavior of international markets and the new chapter of the Americanas crisis.
Presented by Thais Heredia, the CNN Money it presents a balance of the news subjects that influence markets, finances and the direction of society and the dynamics of power in Brazil and in the world.
*Posted by Tamara Nassif
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.
