Brazil: Meirelles for Central Bank, Social-Democrats delighted

topp8564 at mail.usyd.edu.au topp8564 at mail.usyd.edu.au
Fri Dec 13 01:36:31 PST 2002


I have left the Tucanos’ statements in literal form to give you a taste of the inane third-way language these guys use. It’s Blair via Portuguese (and now back) – it’s horrible, almost as bad as the loans

–Thiago Oppermann

Tucanos [ie. social-democrats] praise the choice of Meirelles, but want him to leave the PSDB.

The official announcement that elected lower house member Henrique Meirelles (PSDB-Goiais – social-democratic party of Brazil, Goiais state) will be the president of the Central Bank in the future PT government has drawn praises from Tucano congressmen this Thursday.

Senator Romero Jucá (PSDB- Roraima), the government’s second-in-command in the Senate, said that the choice showed the PT had stopped dreaming and was now living with reality. “The PT embraced [Jucá uses the affective term here, almost ‘hugged’] reality. Until then the party had lived a sort of dream. To manage reality is much harder,” said Jucá.

The official announcement was made this afternoon by the president-elect, Luis Inácio Lula da Silva (PT).

The senator for Roaima also said that the fact that Meirelles had chosen to be elected with the PSDB showed a “indentity of posture” and of the economic path given by the party. [Meaning: he brings strong character and PSDB econ policy to the government.]

Senator Lúcio Acantara (PSDB- Ceará), president of the Economic Issues Commission and governor-elect in his state, said that the choice could not have been better.

“He [Meirelles] gave a demonstration that he knows how to negotiate with the market when he was international president of the Bank of Boston”, affirmed Alcantara, citing the fact that the future president of the Central Bank has occupied the international presidency of BankBoston.

Tucano sentar Eduardo Siqueira Campos (Tocantins), who is also part of the Economic Issues Commission also said that he would support the nomination. “It is a good idea because he will be a good Central Bank president” said Campos, showing surprise at the choice of a Tucano by Lula. “But this invitation was unimaginable because it shows much open-mindedness by the PT, as well as a will to get it right.”

For Siqueira Campos the other names quoted for the Central Bank position already signalled the continuation of the current policies of inflation targets with heightened interest rates and floating exchange rate conducted by the current president of the CB, Arminio Fraga.

Reactions were also positive in the lower house. The Tucanos, however, maintained that Meirelles should renounce his mandate and that he leave the party before taking up the position in the Central Bank. “He cannot be affiliated because he will be part of government against which we are the opposition,” said the national vice-president of the PSDB, Alberto Goldman (Sao Paulo). “A man who has the unreproacheable ethics necessary for the Central Bank surely will do this without making us ask.” [a bizarre statement whichever way you look at it!!!]

The PSDB position does not mean, according Goldman, that the party will oppose his nomination. “He can be respected and supported”, Goldman declared.

http://www1.folha.uol.com.br/folha/brasil/ult96u43481.shtml

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