Marcos Lisboa: Temer is weak and gives in to pressure groups.
Economist and president of Insper, Marcos Lisboa, states that interim president Michel Temer demonstrates a relative ambiguity: “While on the one hand he has spoken of sacrifices, of making reforms such as the pension reform, of proposing a spending cap and addressing a series of essential problems to overcome the fiscal crisis, on the other hand, in practice, he has yielded to pressure groups. This seems to be a weak government that yields to pressure groups. And yielding is going against the grain of adjustment.”
247 - According to economist and president of Insper, Marcos Lisboa, interim president Michel Temer demonstrates a relative ambiguity: “While on the one hand he has spoken of sacrifices, of making reforms such as the pension reform, of proposing a spending cap and addressing a series of essential problems to overcome the fiscal crisis, on the other hand, in practice, he has yielded to pressure groups. This seems to be a weak government that yields to pressure groups. And yielding is going against the grain of adjustment.”
In an interview with “Folha de S. Paulo”, he states that the “big question” is whether measures such as the readjustment of civil servant salaries (at the cost of
The R$ 67,7 billion figure (up to 2018) would only be a consequence of the fact that Dilma Rousseff has not yet been definitively removed from office. "I hope that the interim period has not been a bad prelude," he says.
It also says that there is a more favorable external scenario for commodity prices in Brazil, things have stopped getting worse in terms of activity, and there may be an opportunity for a slight recovery next year (read here).