Brazil’s Finance Minister Out for Disrespecting Law, Says Lula’s Leader in Senate

When he announced the president of the Brazilian Development Bank (BNDES), Guido Mantega, as the new minister of Finance, the leader of the government in the Senate, Aloizio Mercadante, went on to say that President Lula and everyone in the government recognized the "great contribution" that Antonio Palocci had made to Brazil during the last three years.

"He restored the country’s credibility, improved its finances and stabilized the economy," declared Mercadante.

"However, because under the rule of law the rights of all citizens must be respected and there was a case of the violation of those rights, specifically involving bank secrecy laws, President Lula decided to make immediate changes in his team and remove the head of the Caixa Econômica Federal and the minister of Finance."

Mercadante continued: "At the moment the country is going through a phase of economic calm. There is stability. It is essential to preserve this situation. Guido Mantega is someone who has long been a member of the government’s economic team.

"He has been in the government since the beginning of the Luiz Inácio Lula da Silva administration. He has been minister of Planning and the president of the BNDES. He knows that the president wants secure and stable economic policies. He knows that."

Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

South American Community of Nations Coming in September

The Brazilian Minister of Foreign Relations, Celso Amorim, said that the meeting of South ...

Brazilians Go on Shopping Spree Overseas Spending US$ 2 Billion in 2 Months

While traveling around the world in January and February  Brazilian tourists spent close to ...

Brazil Looks to Israel for Health Matters

A delegation sent to Israel by the Brazilian Ministry of Health went, this Wednesday, ...

Brazilian company Fris Moldu Car

Late Wages Lead Brazil Workers to Take Over Factory Where Lula Once Worked

Workers at the Fris-Moldu-Car plant outside of São Paulo have occupied the factory since ...

Brazil’s Preeminent Baroque Sculptor Was a Fingerless Genius

When you think of baroque, you probably remember the curvy, exaggerated, passionate form of ...

Brazil’s Petrobras Spreads the Riches and Boosts Small Businesses

For a little over three years now, more than 2,000 micro and small businesses ...

Brazilian Medical Firm is Equipping Iraq’s Hospitals

The manufacturer of medical and hospital instruments, Erwin Guth, located in the city of ...

Cicex Wants to Be Brazil Exporter’s Right Hand

The Brazilian Minister of Development, Industry and Foreign Trade, Luiz Fernando Furlan, inaugurated yesterday ...