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“The Americanas case was unforeseen for the market”, says Luiz Carlos Trabuco to CNN

In an interview with CNN this Monday (16), the chairman of Bradesco’s Board of Directors, Luiz Carlos Trabuco, said that the accounting scandal at Americanas, which today reports a debt of R$ 40 billion, was “unforeseen for the market” and “with very unpleasant”.

“The market is talking. Common sense is a fundamental rule so that we can overcome this and reach an agreement that does not generate even more damage”, he declared to the international economic correspondent of the CNN Priscila Yazbek, during the World Economic Forum, in Davos, Switzerland.

“Overcoming the crisis is establishing common sense, maintaining bridges and dialogues. This is what the banks and the financial system are doing with Americanas.”

Trabuco also commented on the package of economic measures by the Minister of Finance, Fernando Haddad (PT). “Listening to investors who follow Brazil, the package was well accepted,” he said.

“The minister demonstrated not only an objective, but also firmness in defining purpose. When you establish a purpose, the walk becomes more peaceful. What matters is the amount of the adjustment, but the journey towards it involves an increase in revenue, cost containment, discussion of the re-encumbrance of taxes that were compromising the fiscal budget. It’s a positive reception.”

*Posted by Tamara Nassif

Source: CNN Brasil

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