Brazil’s Finance Minister Stays and Policy Remains the Same, Announces Lula

Brazilian President Luiz Inácio Lula da Silva declared that he was satisfied with this weekend’s press conference by Minister of Finance, Antonio Palocci.

The Minister responded to accusations by a former aide, Rogerio Buratti, that he (Palocci) had received monthly kickbacks of US$ 20,000 from a company with a garbage collection contract in the city of Ribeirão Preto where Palocci was mayor from 2000 to 2002 (when he left to join the Lula administration).


Lula, speaking to the nation during his fortnightly radio program, “Breakfast with the President,” said he thought Palocci was innocent and that he would continue to be Minister of Finance and that the government’s economic policy would not undergo any changes.


“Palocci showed the self-assurance of someone who is innocent. And he made it clear that the Brazilian economy is not going to be affected by these accusations.


“I think Palocci gave the answers the country needs to hear. He showed the calmness of a strong helmsman who knows how to steer the boat of state,” declared Lula.


The President went on to say that the government, its prosecutors and the Federal Police are investigating all charges of corruption.


“We will do everything to facilitate the investigations while we manage the day-to-day operations of the government. Brazil cannot stop,” said the President.


ABr

Tags:

You May Also Like

US’s Good News Is Bad News for Brazilian Investors

Latin American markets were mostly lower, with Brazilian and Mexican shares declining amid worries ...

Brazil Submits New General to Head UN Forces in Haiti

The Brazilian government has submitted to the United Nations the name of general José ...

Brazil to Use TV and Movies to Sell the Country Overseas

The Brazilian government wants to use cultural products, such as TV programs and movies, ...

Santa Catarina, Brazil, Sells Mercosur US$ 207 Million But Buys US$ 307 Million

Exports from the southern Brazilian state of Santa Catarina to the Mercosur, a customs ...

Brazil’s New President Wants to Work Closer with the US than Lula

During US president Barack Obama visit to Brazil in March Brazilian president Dilma Rousseff ...

Brazil’s Ruling Party Insists: There Was No Monthly Allowance Scheme

In a substitute report submitted to Brazil’s Joint Parliamentary Investigatory Commission (CPMI) on the ...

Brazil and LatAm Fall Short on Millennium Development Goals

Fifteen out of the 24 Latin American and Caribbean nations, including Brazil, have met ...

Brazil Wants Its Own Geostationary Satellite by 2012

The Brazilian Space Agency (AEB) wants to acquaint the population with the program it ...

Against All Hope, Brazil and US Push for Global Trade Agreement This Year

Brazil and the United States still believe it’s possible to salvage global trade liberalization ...

IMF: Brazil and Latin America’s Outlook and Challenges

Global growth reached a three decade high in 2004. Growth is projected to slow ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`