Mantega Says Silva Plan Reckless, Could Put Brazil in Recession
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Opposition candidate Marina Silva’s plan to gain investors’ confidence and slow inflation is reckless and could pull Brazil into a recession, Finance Minister Guido Mantega said.
A former environment minister who is leading polls ahead of the October election, Silva last week published her campaign platform that calls for a cut to state-subsidized loans, full independence for the central bank to set monetary policy, a free-floating exchange rate and a fiscal policy that would help ease inflation.