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Nassif: Guedes' irresponsibility goes to extremes.

"A basic understanding of the big numbers is enough to realize that the creation of a capitalized pension system will mean the end of public pensions. If the pension system is in deficit, how can we suppose that diverting part of the revenue to capitalization will make it possible to maintain its operation?", asks journalist Luis Nassif.

Nassif: Guedes' irresponsibility goes to extremes (Photo: Dir.: Fabio Pozzebom - ABR)

247 "With Paulo Guedes, irresponsibility reaches its extreme, based on the media's inability to denounce empty promises and reckless proposals," says journalist Luis Nassif. According to him, if there is no economic recovery, "Guedes will have to return to his duties in the financial market, from which he should never have left."

"A basic understanding of the big numbers is enough to realize that the creation of a capitalized pension system will mean the end of public pensions. If the pension system is in deficit, how can we suppose that diverting part of the revenue to capitalization will make it possible to maintain its operation?", he asks.

Read the full text at GGN newspaper