President Dilma Rousseff: Reuters Incoming finance minister Joaquim Levy faces tough hurdles, including resistance from within the ruling party, as he sets out to restore order to Brazils messy public accounts, regain investor confidence and get a stagnant economy moving again, according to Euro News. Party leftists oppose any belt-tightening that could threaten the expansion of social programs that lifted millions of Brazilians out of poverty in the last decade and By Anthony Boadle and Alonso Soto The fiscal conservative picked by President Dilma Rousseff after her narrow re-election will have to deal with a budget that leaves little room for substantial cuts, and fierce opposition to austerity measures from within the ruling Workers Party.
(news.financializer.com). As
reported in the news.
Tagged under Joaquim Levy, stagnant economy topics.