Vitali Meschoulam
Vitali Meschoulam
further improve
This buyback would further improve the country's creditworthiness.
chavez congress serve
Now, Chavez and his backers can do what they want. Congress used to serve as a check, and that's not going to be the case.
brings economic perception promised push second terms turn
It's a concern, second terms never turn out how they are sold. He brings perception of safety, but can he push through what he has promised on the economic front?
cares continue levels market money news nobody remain ridiculous short
The market is more exuberant, spreads are at ridiculous levels but nobody cares because there is too much money and fundamental news continue to be very positive. That will remain in the short term.
challenge decent left likely somebody
Somebody from the left is much more likely to make a decent challenge to Chavez.
bit few figure past seen timing trying washington
This is part of the give and take that we've seen in the past few months. The timing is a bit complicated for Washington as it comes when the U.S. is trying to figure out what to do with Iran.
calm expecting hardly market simple speech stronger
The market was probably expecting Lula to make a stronger statement, not just a simple apology. This speech will hardly calm down the opposition.
defeat factions needless party victory
Needless to say, a victory of the most left-leaning factions of the party would be a significant defeat for Lula.
bill current elections fact government lack led outside pension point support tax therefore view withdraw
It's pretty much a fact Uribe will be reelected, and therefore from an outside point of view these elections are more important. Lack of support in the current legislature led the government to withdraw a tax bill and have a watered-down pension law.
blame influence opposition outside
The opposition is not outside the process. They can't influence the process. The government, however, now has no one to blame for its policies.
economic political rather
This will have more political rather than economic ramifications.