Jair Bolsonaro warns Brazilians: "We can finish like Argentina" – 25/04/2019

Brazilian President Jair Bolsonaro said Thursday with concern that a possible victory for Cristina Kirchner in the elections could lead Argentina to the current situation in Venezuela.

In statements to the press in Brasilia, the ex-extreme right-wing extremist attributed Argentina's economic difficulties to the fact that President Mauricio Macri just do "in two" the reforms with which he proposed to save the economy.

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"Argentina has made the reforms in two and Macri is in trouble now. And the problems accumulate. The opposition may come back. And that worries us because we do not want another Venezuela here in South America"said Bolsonaro, who will visit Argentina on June 6.

Former President Cristina Kirchner appears in the polls as the opponent best placed to face Macri, who wants to be re-elected in the October 27 elections in a country in recession and subject to high inflation.

Meanwhile, Venezuela is grappling with a serious economic, political and social crisis under the chairmanship of Nicolás Maduro, successor to the late Hugo Chávez.

Chávez and Kirchner are two of the main leaders of the left-wing wave that has ruled many South American countries over the last decade, alongside Brazil's Luiz Inácio Lula da Silva (2003-2010), currently imprisoned for corruption.

In addition, Bolsonaro said that if the pension reform discussed in Congress represents an economy of less than R $ 800,000 million (nearly $ 200,000 million) in 10 years, the country will find itself in a similar situation to the Argentina

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The Bolsonaro statement was made when the dollar had surpbaded 4 reales, the highest level in seven months, at the opening of the foreign exchange market in the San Pablo financial market.

"If the pension reform does not come out, chaos will be installedWithout reform, no one will trust Brazil, "Bolsonaro said, citing figures from the economy minister, Paulo Guedes, who is also seeking to introduce the capitalization system as the one that governs Chile or the country. AFJP as an alternative to newcomers to the labor market.

The comparison with Argentina's tax situation occurred during a presentation by Bolsonaro to reporters to explain the executive's vision with regard to pension reform.

Political bargaining for pension reform is complex because two-thirds of the congressional chambers are needed because it is a constitutional amendment, in addition to badigning certain rights and benefits acquired from employees of the civil service, including the military, which is an integral part of the Constitution. the support base of Bolsonaro.

The reform is considered unpopular because it forces a worker to retire at full retirement for 30 to 40 years of contributions and sets for the first time an age limit of 65 for men and 62 for men. the women.

Source Agencies