Latin America
Related: About this forumAdvisor to right-wing Brazil candidate says privatise it all
MAY 28, 2018 / 1:10 PM / UPDATED 43 MINUTES AGO
Marcela Ayres
3 MIN READ
RIO DE JANEIRO (Reuters) - Brazil should privatise everything from lender Banco do Brasil to oil company Petróleo Brasileiro SA, the main economic adviser to leading presidential candidate Jair Bolsonaro told Reuters, underscoring the far-right congressmans overtures to the business community.
Investment banker Paulo Guedes, currently a partner at investment firm Bozano Investimentos Ltda, said asset sales could help the federal administration cut debt and fund cash-hungry local governments.
Sell it all, he said in a late Friday interview at his office in Rio de Janeiro. Privatising cautiously, bashfully, just wont do.
His remarks contrast with previous statements by Bolsonaro, a former army captain who has led early presidential polls excluding jailed former President Luiz Inacio Lula da Silva.
Bolsonaro himself has praised the nationalist, state-driven economic policies of Brazils military government in the 1970s.
More:
https://uk.reuters.com/article/uk-brazil-politics-bolsonaro/advisor-to-right-wing-brazil-candidate-says-privatise-it-all-idUKKCN1IT1VC?rpc=401&
notdarkyet
(2,226 posts)Sold their country to oligarchs and are still millions in debt, so no one will lend them any money. Read Shock Syndrome and see what happens
Phoenix61
(17,019 posts)Ranks up there with taking out a home equity loan to pay off credit cards and not cutting up the credit cards.
Snackshack
(2,541 posts)Because that has worked out so well in the past. History is packed with the wreckage of bad ideas yet these ideas continue to come back time and again.
DBoon
(22,397 posts)they should call it "pirate-ization"