Politics
With PT’s imminent support for Lira, Lula launches a political operation to unblock the PEC.
Returning to Brasilia, President-elect of the Republic, Luis Inacio Lula da Silvatook over the first political commands responsible for the “overall coordination” of the transition: he authorized the PT to conclude an agreement on the resumption Arthur Lyra (PP-AL) to the President of the House and invited allied parliamentarians to submit a PEC that would free up space for social spending – just like the draft presented by Vice President-elect Geraldo Alkmin, leaders of both chambers.
The text, vehemently rejected by the market, provides for a “waiver” of 175 billion reais and an additional exemption from the public investment ceiling of 22 billion reais. The term for exclusion of social programs from the budget rules remains equal to 4 years.
The idea behind the Lulista headquarters is to delegate to the Legislature the changes in values and deadlines requested by the elected government, a reduction process that is most likely today among deputies and senators.
According to Lula, the two measures taken this Monday (November 28) serve to “unblock” the process, as there are concerns about the final procedure before December 15, the date when the Bolsa Família payments of 600 reais will be made from January. .
Despite practical arrangements, Lula’s return to the Centro Cultural Banco do Brasil (CCBB), headquarters of the transition group’s offices, was marked by the president-elect’s demands for assistants involved in the creation of the 31 thematic groups. Petista wants detailed reports by region and with numbers that show the severity of the problems he claims he inherited from Jair Bolsonaro.
Lulu worries about the availability of resources to maintain basic services. According to his closest advisers, the discussion of the backbone of the PEC with Congress should take into account the problems of its management, in addition to simply guaranteeing the continuity of social programs.
- +WHOM: Lula has to anticipate diplomacy as president before the 12th.
- +WHOM:Haddad talks little about Lula’s fiscal policy and hears a message from the head of British Columbia.
The plan recommended by Lula is for working group representatives to make public presentations of the data and explain the bottlenecks of each folder, just as the health diagnostics team did. The next board to comment on the lack of resources and operational challenges in the area in January will be Education on Tuesday (11/29).
Lula told allies it was important that congressmen decide that the PEC would be fully aware of what he calls “the dramatic picture of the federal machine” in 2023. “We are not asking for much, given the cursed legacy. We ask for what is needed. And this should be clear to Congress, which has its own claims, and they are legal. The budgetary framework is the worst possible,” he tells reporters. WHOM source is aware of these negotiations.
Boomerang
The participation of Fernando Haddad, who accompanies Lula on his trip to the capital, in political meetings with parties not part of the winning coalition but “meeting” with the future government base, is further evidence that the president-elect is still working with the priority hypothesis. political profile for the Ministry of Finance.
Lula’s interlocutors interpreted Haddad’s participation in Friday’s Febraban dinner as a “trap” for bankers who want to take the former Sao Paulo mayor out of the race for the treasury.
Haddad’s vague speech, which caused the stock market to crash and the dollar to rise, was deemed “relevant” by Lula precisely because it confirms what the president-elect was saying to this public in a financial system that prioritizes the economy. growth with robust social investment at the expense of fiscal austerity.
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Politics
The dollar continues to reflect the political scenario
Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!
Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.
Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.
The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.
For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!
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Politics
Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.
The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.
Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.
No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.
Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.
Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.
The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.
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Politics
The EU has reached a political agreement on limiting gas prices – 19.12.2022
The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .
The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.
Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.
The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.
Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.
“This is a victory for Italian and European citizens who demand energy security,” he added.
Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.
However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).
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