Brazil’s Economy Minister threatens to quit
Just two days before protests in support of President Jair Bolsonaro promise to escalate political tensions (more below), weekly magazine Veja publishes an interview with Economy Minister Paulo Guedes that could speed up this crisis. Here are the main takes from the interview:
If Congress passes a pension reform creating less than BRL 800bn in savings for the next 10 years, Mr. Guedes says he’ll resign. The move could irritate Congress and puts more pressure on Mr. Bolsonaro—as he was the president’s surety among markets.