A and erosion closed the first half of 3.0. A gray second half is expected, in which calendar difficulties accumulate, such as the election year, and unforeseen events, such as uncertainty regarding the . One thing was certain: the verbal magic with the economy would have a limit and it was exhausted.
Since his inauguration, Lula has alternated juggles. On even days, he blamed it for an economy that was struggling. In the odd years, he unsuccessfully sought international protagonism. He spent two years trying to exchange successes, such as , while hiding that his government was not cutting expenses. Therefore, he would not fulfill his promises during the election campaign.
The final blow to the magic came from the future president of the Central Bank, according to whom the real devalued because of a speculative attack.
In his words: “I think that, let’s put it this way, as if it were a single thing, that is coordinated, moving in a single direction.”
Gallipolo cut the way for the creation of a new goat. The dollar would be where it is because Faria Lima, that eternal evildoer, launched a speculative attack on it. It’s all the fault of greed. If Faria Lima speculated, she did so while pretending to believe in Lula 3.0. Many good people lost money because they pretended too much.
There is speculation in the rise of the dollar, but in essence it reflects a lack of trust in the government. The “market” pretended for two years that it believed the promises. As with all economic piripaques, at a certain point he stops pretending. In Brazil, this dissimulation occurs with large businesspeople praising the government wholesale, with interviews or events, while pecking at retail, in the darkness of Brasília.
In the second half of the term, this cleverness will be frozen. With the arrival of summer in real life, winter began in the economy.
Sete Brasil went down
The company invented at the end of Lula 2.0 was decreed with the mission of producing probes and ships for Petrobras. According to the testimony of former Finance Minister Antonio Palocci, the probe contractors would feed a small fund that he would manage.
Sete Brasil generated robberies and a loss of R$5.6 billion.
Megalomaniac projects happen, as do financial disasters. The entrepreneurs who entered the business had two intentions, good and bad. The banks that saved a few billion entered to please the Planalto.
If the misdeeds of Sete Brasil managers had been honestly exposed, it would be possible to say that cases like this will not happen again. These and other cases were swept under a rug where it is written that Sergio Moro was a biased judge.
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