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Weekly Report - 04 December 2014 (WR-14-48)

BRAZIL: Rousseff’s charm offensive

Since her re-election victory, President Dilma Rousseff has been taking great pains to convince investors in Brazil that fiscal rectitude will be the dominant theme of her second term of office. While her election campaign contrasted the largesse of the ruling Partido dos Trabalhadores (PT) with what she claimed would be the cruel austerity of the opposition Partido da Social Democracia Brasileira (PSDB), in victory she has adopted many of the measures advocated by her opponent, Aécio Neves, including the appointment of a finance minister, Joaquim Levy, who Neves describes as a personal friend.

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