Lula and the duty to rebuild the economy.
"It is worth paying attention to Lenio Streck's proposal for Lula to issue a Provisional Measure 'to solve the Central Bank's problem'," says Paulo Moreira Leite.
In a country searching for a necessary and viable path to reconstruction, blocked by interest rates at 13,75%, it is worth paying attention to the proposal offered by jurist Lênio Streck in an interview with TV 247 this weekend.
In a statement to two law students, Fabrizio Prado and Henrique Attuch, Lênio Streck made a proposal typical of someone who is able to see the world outside conventional frameworks and seeks efficient solutions to resolve a drama that is strangling the future of a country that once housed one of the five largest economies on the planet.
The idea is both simple and powerful. Lênio Streck suggests that, supported by his presidential legitimacy, recently ratified by the ballot box, Lula to issue a Provisional Measure "to solve the Central Bank's problem"breaking an interest rate that "is costly for the nation" and "is double the inflation rate."
"It's a political issue, it transcends the legal one," said the professor, with the authority of someone who was a prosecutor for eighteen years, organized one of the most important law firms in the country, and built a well-known reputation in major universities around the world.
In a country ruined by a terrible legacy from several points of view, the sovereignty of the popular vote guarantees Lula a unique legitimacy, confirmed by opinion polls that show that the population has already understood the harmful nature of the 13,75%.
According to a survey by Genial/Quaest, no less than 76% of respondents believe that Lula is "right" to "try to force" a drop in the interest rate. Let's note an important point.
There was no mention of Lula "suggesting" or "proposing" a drop in interest rates, as if the matter were being discussed in a colloquium among gentlemen in ties gathered at the end of the day for a cordial conversation in an elegant office.
No less than 3/4 of Brazilians supported "trying to force" interest rates down. This is because they know it's not an easy measure and that there will be struggle along the way. Understandably, a clearer majority was formed among men and women with hard lives and lower incomes.
Challenged by the tragedy of the deaths caused by the rains and landslides on the North Coast of São Paulo this weekend, Lula confirmed his great political form, showing himself capable of unifying the country in a terrible emergency.
The economic issue has a different dynamic but is also urgent, especially because it involves the construction of the presidential mandate, which has barely begun. By freeing the economy from an interest rate that establishes a system of servitude for the benefit of the financial system, the president elected in the second round with 50,90% of the votes will have the support of at least 76% of Brazilians.
It could rebuild economic activity on new foundations, supporting productive investments, the first step towards a less unequal and unjust society.
In a country where six out of ten families do not have enough food at the end of the day, and a large portion of them reside in cities that do not offer even the minimum security for their inhabitants, as was seen in São Sebastião, this could be a great start.
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* This is an opinion article, the responsibility of the author, and does not reflect the opinion of Brasil 247.
