Dilma points to speculation and says she will not change the economy.

247 – The country's main business newspaper, Valor Econômico, a joint venture between the Folha and Globo groups, created a "headline" – an expression or keyword placed above a title to designate a journalistic subject – called "Economic Crisis". In Folha itself, today's main editorial states that economic policy "is based on improvisation". In its competitor Estadão, the editorials page begins with the headline "In search of lost credibility", under which the first sentence of the text states: "The government decided to act to clean up its image".

The problem with these opinions and analyses is that, according to the government, they are fundamentally wrong. For President Dilma Rousseff, there is no lack of control regarding the fundamentals of the economy. Events such as the BB Seguridade IPO, the international demand for pre-salt oil field concessions, the data released yesterday by the National Confederation of Industry regarding record growth in industrial production over two years, and the positive employment trend over the last eight months lead the government to believe that the seeds planted are bearing fruit.

This assessment was confirmed among the president's staff by the declining inflation rate in May compared to April and by projections indicating that the June rate will be lower than May's. Furthermore, as Finance Minister Guido Mantega highlighted in an interview with Folha today, the forecast is for increased tax revenue, which would allow the achievement of the 2,3% of GDP primary surplus target without the need for budget cuts.

This morning, at a ceremony in the Planalto Palace regarding the Minha Casa, Minha Vida (My House, My Life) housing program, Dilma used the image of the character Velho do Restelo (Old Man of Restelo), from Luís de Camões's novel, to describe pessimists – a character who only predicted problems. "Many old men of Restelo have appeared on the shores of our beaches," the president stated. "But today, the old man of Restelo cannot, should not, and will not have the last word in Brazil."

Earlier, the president analyzed the economy, not including the need for any major change of course. "The real situation the country is experiencing is one of controlled inflation and controlled public finances," she stated firmly. "There is absolutely no possibility that my government will not have a policy to combat inflation. All those who bet on this are the same ones who bet that there would be a serious problem with the country's energy supply. Which vanished from all the newspapers because it wasn't real."

The president described the opposition as "localized and speculative movements that last for a while, but that harm the country. Predicting this was reckless. Inflation is not out of control, and the government has all the means to prevent that from happening."

Those who wait for a fiscal package in the very short term will not get what they want.