Senior Brazilian officials charged with steering pension reform through Congress...
BRASILIA - Senior Brazilian officials charged with steering pension reform through Congress insisted on Tuesday that they had ended recent political finger-pointing that threw the government’s key reform bill into doubt, but some U.S. big banks were not convinced.
The message on Tuesday, however, from Vice President Hamilton Mourao, Labor and Pensions Secretary Rogerio Marinho and the government’s leader in the lower house, Vitor Hugo, was that Bolsonaro is listening and ready to work with Congress.But it will take more than rallying cries of unity in Brasilia to convince some of Wall Street’s biggest beasts that their clients should put any more of their money into Brazil.
Markets have since recovered from last week’s slide, but some investors argue they are still not seeing enough compensation for the risks involved.
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