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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Paxb2u who wrote (87574)	2/28/2012 3:16:22 PM
From: elmatador	1 Recommendation Read Replies (1) \| Respond to of 220255

Pax, once inflation kicks in interest groups try to stop any way to tame it: The number-one reason Gustavo Franco gave for ultimate success (of the plan to end inflation) was a unique period where none of the political forces of the country were able to intervene in the process to promote the special interests that the state had become committed to supporting in the preceding decades. President Fernando Collor de Mello was impeached in December 1992 and replaced by his vice president, Itamar Franco. “Franco was not interested in economics and signed anything the ministers would bring him. This was unbelievable, but it depoliticized the process.” Congress was also sidelined by a major scandal in December 1994 in which 26 members of congress and three state governors were implicated in diverting millions in federal funds into their own accounts. “This kept them out of the discussion. This gave us a window of opportunity where the politicians did not interfere.” econ.puc-rio.br