IBOV 192,114.55 ▲ 2.63% IPSA 10,916.57 ▲ 0.08% IPC MEX 64,531.68 ▲ 1.10% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% USD/BRL5.22▲ 0.17% USD/MXN18.18▲ 0.09% USD/CLP989.60▼ 0.09% USD/COP3,263— 0.00% USD/PEN3.43▼ 0.06% USD/ARS1,524▼ 0.04% USD/UYU40.46▲ 3.63% USD/PYG5,821▲ 3.10% USD/BOB11.93▲ 1.99% USD/DOP59.90▲ 0.84% USD/CRC456.38▲ 2.99% USD/GTQ7.64▲ 3.13% USD/HNL26.86▲ 3.18% USD/NIO36.62— 0.00% USD/VES864.39▼ 0.68% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▲ 1.65% EUR/BRL5.89▲ 0.18% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 192,114.55 ▲ 2.63% IPSA 10,916.57 ▲ 0.08% IPC MEX 64,531.68 ▲ 1.10% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Bolsonaro and Entrepreneurs Turn to Supreme Court to Push for End to Isolation

By · May 8, 2020 · 3 min read

RIO DE JANEIRO, BRAZIL – In a move to pressure the return of economic activity, President Jair Bolsonaro led a group of entrepreneurs to the Federal Supreme Court (STF) to report to the head of the Court, Presiding Justice Dias Toffoli, the impacts that social isolation has had on private initiative.

Brazilian President Jair Bolsonaro (left) and presiding Justice of the Federal Supreme Court, Dias Toffoli (right).
Brazilian President Jair Bolsonaro (left) and presiding Justice of the Federal Supreme Court, Dias Toffoli (right).
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In turn, Justice Toffoli demanded coordination by the federal government with the other powers and bodies of the federation and said that planning is required for a return to the operation of industry.

On Thursday’s meeting, which had not been included in his agenda, the President reiterated that the impact of the restriction of movement cannot be greater than the problems caused by the disease itself. The Minister of Economy, Paulo Guedes, stressed that Brazil can face the same situation of neighboring countries unless it changes its strategy in tackling the disease.

Guedes said he has been holding talks with various industrial sectors and that on Thursday entrepreneurs made an appeal.

“They had been saying that they were managing to preserve their vital signs, and now the message they passed along is that it is difficult, the economy is starting to collapse. We don’t want to run the risk of turning into a Venezuela, we don’t want to run the risk of turning into an Argentina, which fell into disorganization, inflation rising, all that nightmare back,” he said.

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Bolsonaro said the group of entrepreneurs represents over 40 percent of GDP and 30 million jobs. According to the President, everyone can be “crushed” by the economic crisis unless industrial activity is restored.

“Entrepreneurs have personally conveyed this distress, the issue of unemployment, the issue of the economy no longer operating. The consequences, the side effect of fighting the virus, cannot be more harmful than the disease itself. And the entrepreneurs want the STF to hear from them what is happening too,” he said.

Justice Dias Toffoli demanded, more than once, greater coordination by the executive with the other federal branches and the states and municipalities. In addition, he said that planning is required for a return to the operation of industry.

“For such coordination, I believe that the Executive, the President of the Republic, together with his Ministers, by summoning the other powers, summoning the states, representatives of municipalities, is crucial. Perhaps a crisis committee involving the federation and the powers, together with the business community and workers. We need to turn this wish into reality, which is the wish to work, to produce, to maintain a structured society,” he said.

The coordinator of the Industry Coalition, Marco Polo de Mello Lopes, said that the industry situation requires urgent measures.

“In our view, this flexibility could already have occurred, of course with all the required regulation, so that we could resume activity. Our great concern is that the Covid crisis causes a social crisis because of the unemployment issue, and this is a crisis that we consider extremely important and needs to be addressed,” he said.

The representative of the toy sector, Synésio Batista, also said that the situation is troubling. “I would only add one detail, which is the sense of urgency. I would say that the industry is in the ICU and it needs to be discharged because otherwise, the consequences will be very dire,” said Lopes.

Source: Folhapress

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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