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Brazilian minister said that a single currency with Argentina is not being analyzed for now

Brazilian minister said that a single currency with Argentina is not being analyzed for now

The official considered that “there was a lot of noise” in the explanations on the subject, but considered that “it is nothing more and nothing less than what Brazil had always been doing in transactions commercial and financial.

He also considered that in order to grow again and be competitive, Brazil cannot be alone. “We need Portugal, Europe and Latin America,” she said, after four years of “regression” in which trading partners were “ignored.”

“I am speaking especially not only of mercosurbut also of Mercosur’s relationship with the European Union. Putting the house in order from a fiscal point of view, with an emergency, to do the social thing, “he explained.

The possibility of a common currency between Argentina and Brazil was an issue that generated friction at the end of January, in the framework of Lula’s trip to Argentina for the summit of the CELAC. The presidents of both countries came to confirm that they were advancing in the creation of “a common South American currency” that will work for “financial flows” and “commercial ones.”

The Minister of Economy, Sergio Massalater explained that the new common South American currency “does not mean resigning the currency of each of the countries but to find a common commercial denominator instrument that reflects the power of the Gross Product of the region”.

home front

Tebet was a center-right candidate in the first round of the presidential elections and in the second he supported Luiz Inacio Lula da Silvawho after winning elected her as Minister of Planning.

Despite the “divergences” that exist between the two in economic policies, Tebet assured that there is “total synergy” in the social area.

“Ending misery, reducing poverty, removing Brazil from the hunger map” are the priorities established by Lula da Silva, he pointed out, but also growth must be “guaranteed” because without it no employment or income is generated. “It also goes through fiscal rigidity and I’ll be frugal about that,” she vowed.

Brazil has to “spend well the little resources it has”: “We do not have the conditions to meet all the demands, but managing also means choosing priorities and that is what we will do under the determination of the Government program.”

Source: Ambito

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