Guedes warning: Brazil can become Argentina “in six months”

RÍO DE JANEIRO.- The Brazilian Minister of Economy, Paulo guedes, warned that Brazil may become “In an Argentina or a Venezuela” if he continues to borrow and make bad economic policy decisions.

“Become Argentina, [demora] six months; become Venezuela, an average year “Guedes assured, speaking to a Brazilian podcast. “If you’re wrong, it’s quick. Now do you want to become Germany, the United States? [Es necesario] Ten, fifteen years in another direction ”.

Guedes, 71, defended during the interview a liberal program for the Brazilian economy. The minister was weakened after the president Jair Bolsonaro announced a change in the chairmanship of the oil company Petrobras a few days ago, a decision that caused the value of the company’s shares to fall.

“Do you prefer a low interest rate, a lot of investment, jobs, income, a rising stock market, everyone wins, opens champagne, a prosperous country or goes to Venezuela?” Said the minister? , in another part of the conversation. Guedes said he will stay in office as long as he has Bolsonaro’s confidence.