Timely Treasure

The decision of the Committee of Monetary Politics (COPOM) to raise the basic tax of interest, announced in day 19/01/11, starts to show that this year, one more time, the Brazilian consumer it will have to pay for the necessary inflationary control to the fulfilment of the goals of monetary politics of the country. The problem is that this strategy of the government is always the same one and who suffers with this is the consumer. In accordance with Tatiana Pine, economist of Santander, while they will not be possible investments that they extend offers, it will be always necessary to control the prices for the side of the demand and is in this point that the high one of the interest acts. For They open Szajman, president of the Fecomrcio, the decision to raise the interest, is negative because it confuses the good rhythm of the economic activity of the country, diminishes the consumption of the families and the investments of the Brazilian companies. Alencar Burti, president of the Trade association of So Paulo (ACSP), complete that, at this moment, it would be more important to control the credit of what increasing the interest. It affirms despite, the high one of the interest helps to still more extend the valuation of the real front to the dollar, a scene that has been criticized for some economic segments. Of one he forms or of another one, the consumers finish paying for the control of the inflation, had some actions taken for the most used and impactante the government, amongst them, in the life Brazilian them, the rise it interest. unhappyly what we can analyze in fact, is that Brazil not yet is prepared to grow economically above of 5% to the year, therefore it makes when it as in 2010, the inflation goes up above of the goal. The price that if paid to the times is high excessively. Always paid who therefore?

In the week where plus a chapter of the crisis that if uncurls in U.S.A. and the Zone of the Euro it comes to tona, with the degradation of the note of credit of the Italian debt of ' ' A+' ' for ' ' A' ' , more uncertainty hangs on the perspectives of recovery of the world-wide economy. The meeting enters the main world-wide leaders in the General meeting of the ONU and the conversations parallel bars on subjects related to the evolution of the crises American and European do not only serve of alento for the increasing uncertainties with regard to the solution of Greece or Ireland, but also with regard to the other members of the PIIGS, over all Italy. The announcement of the package of stabilization of the Italian economy caused innumerable protests and not only launched for land the popularity of the first-minister Berlusconi, but also if it did not show capable to balance the national accounts, as much in the short one, how much in the long stated period. This because, at the moment where United States and the Zone of the Euro try decreases taxes of creximento or until shrinking of the real product, in special of the industrial product, the solutions pointed for the majority of policy makers goes to the meeting of the economic ortodoxia, when, in the truth, economic history teaches the opposite exactly. The recent package of measures of fiscal austerity approved by the Italian Executive is the case most recent. The Italian deficit that was of 4.6% in 2010 must, according to government, being reduced for 1.6% in 2012, generating a economy for the public coffers in the value of 20 billion in the year that it comes and 25 billion in 2013. This will be executed through the increase of taxes for the band of raised income more of the population, cut in the available budget for the congressmen, reduction of the administrative machine, saw reduction in the number of provinces, privatization of municipal companies, flexibilizao of the working laws (what theoretically it would facilitate the act of contract) and reduction in the social expenditures.