IBOV 176,402.10 ▲ 1.77% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 — 0.00% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 57,575.02 — — USD/BRL5.06▼ 0.31% USD/MXN17.40▼ 0.07% USD/CLP936.81▲ 0.12% USD/COP3,202▼ 1.66% USD/PEN3.40▲ 0.16% USD/ARS1,479▲ 0.08% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.34▲ 0.24% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.87% BRENT 93.90 ▲ 3.18% WTI 86.96 ▲ 2.41% IRON ORE 161.91 — — COPPER 6.52 ▲ 0.17% GOLD 4,160 ▲ 2.18% SILVER 60.85 ▲ 3.42% SOY 1,233 ▲ 1.11% CORN 482.75 ▲ 6.63% WHEAT 702.75 ▲ 3.65% COFFEE 317.10 ▼ 4.47% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 145.00 ▲ 0.83% COTTON 80.43 ▲ 1.86% COCOA 5,410 ▼ 3.51% BEEF 220.68 ▼ 2.65% CATTLE 338.65 ▼ 3.12% LITHIUM 69.44 ▲ 0.52% PETR4 42.62 ▲ 2.30% VALE3 74.55 ▲ 3.20% ITUB4 42.85 ▲ 0.75% BBDC4 18.82 ▲ 1.46% ABEV3 16.09 ▲ 1.84% BBAS3 20.89 ▲ 0.05% B3SA3 15.59 ▲ 2.77% WEGE3 46.22 ▲ 8.83% PRIO3 59.65 ▲ 2.53% SUZB3 42.52 ▲ 2.14% RENT3 37.14 ▲ 1.61% AZZA3 17.51 ▲ 0.17% CSAN3 3.95 ▲ 4.50% RAIZ4 0.28 ▲ 3.70% PCAR3 2.75 ▲ 0.73% GMAT3 3.87 ▲ 1.04% PSSA3 54.34 ▲ 1.61% CVCB3 1.23 ▲ 9.82% POSI3 3.72 ▲ 1.09% SLCE3 13.88 ▲ 0.95% NATU3 8.80 ▲ 1.03% BRKM5 5.99 ▲ 4.90% RANI3 7.98 ▲ 1.14% CSNA3 5.31 ▲ 4.94% CMIN3 5.88 ▲ 5.38% USIM5 8.64 ▲ 2.13% GGBR4 24.00 ▲ 2.17% ENEV3 25.76 ▲ 1.34% CPFE3 46.55 ▲ 0.32% CMIG4 11.15 ▲ 1.18% EQTL3 39.07 ▲ 0.62% LREN3 13.53 ▲ 1.96% VIVT3 35.87 ▲ 0.20% RAIL3 13.60 ▲ 2.72% KLABIN 17.92 ▲ 1.88% RAIA DROGASIL 18.34 ▲ 1.16% RDOR3 34.22 ▲ 0.88% HAPV3 11.52 ▲ 2.49% FLRY3 16.73 ▲ 1.09% SMTO3 15.93 ▲ 2.25% UGPA3 32.36 ▲ 1.70% VBBR3 34.68 ▲ 2.15% BBSE3 41.85 ▲ 0.72% BPAC11 56.33 ▲ 1.73% CURY3 30.41 ▲ 1.54% AERI3 2.07 ▲ 1.47% VIVARA 21.45 ▲ 0.19% COMPASS 24.88 ▲ 1.80% VAMOS 3.22 ▲ 4.21% SANB11 26.93 ▼ 1.03% ASAI3 8.48 ▲ 2.79% SBSP3 28.97 ▲ 1.29% WALMEX 49.49 ▲ 0.69% GMEXICO 213.27 ▲ 2.06% FEMSA 230.05 ▲ 1.46% CEMEX 22.36 ▲ 1.31% GFNORTE 189.02 ▲ 1.73% BIMBO 60.09 ▲ 1.18% TELEVISA 9.89 ▲ 1.33% AMX 22.64 ▼ 0.53% GAP 382.40 ▲ 1.03% ASUR 276.38 ▲ 0.51% OMA 232.44 ▲ 2.73% KOF 183.25 ▲ 1.54% GRUMA 283.50 ▲ 0.32% KIMBER 38.99 ▲ 1.54% SQM-B 64,800 ▲ 0.40% COPEC 6,449 ▼ 0.01% BSANTANDER 79.50 ▲ 0.62% FALABELLA 5,900 ▼ 0.32% ENELAM 84.11 ▼ 0.50% CENCOSUD 2,027 ▼ 0.06% CMPC 1,084 ▲ 0.01% BANCO CHILE 188.21 ▼ 0.95% LATAM AIR 24.00 ▼ 0.83% YPF 80,625 — 0.00% GGAL 7,965 — 0.00% PAMPA 5,475 — 0.00% TXAR 679.00 — 0.00% ALUAR 973.00 — 0.00% TGS 9,710 — 0.00% CEPU 2,340 — 0.00% MIRGOR 16,775 — 0.00% COME 42.87 — 0.00% LOMA NEGRA 3,605 — 0.00% BYMA 292.25 — 0.00% TELECOM ARG 4,255 — 0.00% ECOPETROL 17.05 ▲ 3.15% BANCOLOMBIA 84.20 ▲ 0.67% GRUPO AVAL 5.09 — 0.00% CREDICORP 390.05 ▼ 0.27% SOUTHERN COPPER 193.03 ▲ 2.67% BUENAVENTURA 32.45 ▲ 3.84% MERCADOLIBRE 1,779 ▼ 2.38% NUBANK 14.22 ▼ 1.22% XP 17.06 ▲ 1.25% PAGSEGURO 9.60 ▲ 0.16% STONE 11.26 — 0.00% GLOBANT 32.03 ▼ 0.23% TECNOGLASS 45.97 ▲ 1.82% GAP AIRPORT 220.67 ▲ 1.37% ASUR 276.38 ▲ 0.51% OMA AIRPORT 106.95 ▲ 2.60% AMX ADR 26.05 ▼ 0.15% FEMSA ADR 132.51 ▲ 1.66% CEMEX ADR 12.86 ▲ 1.26% PETROBRAS ADR 19.02 ▲ 2.59% VALE ADR 14.72 ▲ 3.30% ITAU ADR 8.47 ▲ 0.83% SANTANDER BR 5.44 ▲ 0.46% AMBEV ADR 3.17 ▲ 1.80% CSN 1.05 ▲ 5.24% GERDAU 4.75 ▲ 2.37% LATAM ADR 51.11 ▼ 0.89% BTC 65,945 ▼ 0.84% ETH 1,943 ▲ 0.77% SOL 78.00 ▼ 0.14% XRP 1.15 ▲ 0.29% BNB 573.30 ▼ 0.05% ADA 0.18 ▲ 1.76% DOGE 0.07 ▼ 0.39% AVAX 6.57 ▲ 0.13% LINK 8.70 ▲ 0.64% DOT 0.84 ▼ 0.45% LTC 46.87 ▲ 0.12% BCH 221.47 ▼ 1.00% TRX 0.33 — 0.00% XLM 0.19 ▼ 0.56% HBAR 0.07 ▲ 3.28% NEAR 1.89 ▼ 2.43% ATOM 1.47 ▼ 0.95% AAVE 97.95 ▲ 2.49% SELIC 14.25% EMBRAER 84.40 ▲ 2.12% EMBRAER ADR 66.82 ▲ 2.06% JBS 12.15 ▲ 1.63% JBS BDR 61.41 ▲ 1.98% MBRF3 15.47 ▲ 2.38% MBRFY 3.00 ▲ 1.69% INTER 5.54 ▼ 0.72% EGX 53,932 ▼ 0.11% USD/ZAR16.42▼ 0.31% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.07▼ 0.07% USD/CNY6.76▼ 0.08% DAX 25,151 ▲ 0.56% CAC 8,444 ▲ 0.96% FTSE 10,726 ▲ 1.32% MIB 52,811 ▲ 1.01% IBEX 19,601 ▲ 1.14% STOXX 647.36 ▲ 0.65% EUR/USD1.14▲ 0.15% GBP/USD1.34▼ 0.36% SPX 7,512 ▲ 0.03% DJI 52,429 ▲ 0.39% NDX 29,108 ▼ 0.16% RUT 2,980 ▼ 0.26% TSX 35,706 ▲ 0.95% VIX 17.16 ▲ 0.65% USD/CAD1.41▼ 0.14% US10Y 4.6420 ▲ 0.30% IBOV 176,402.10 ▲ 1.77% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 — 0.00% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▼ 0.31% USD/MXN 17.40 ▼ 0.07% USD/CLP 936.81 ▲ 0.12% USD/COP 3,202 ▼ 1.66% USD/PEN 3.40 ▲ 0.08% USD/ARS 1,479 ▲ 0.08% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.34 ▲ 0.24% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.35% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.77 ▼ 0.87% BRENT 93.90 ▲ 3.18% WTI 86.96 ▲ 2.41% IRON ORE 161.91 — — COPPER 6.52 ▲ 0.17% GOLD 4,160 ▲ 2.18% SILVER 60.85 ▲ 3.42% SOY 1,233 ▲ 1.11% CORN 482.75 ▲ 6.63% WHEAT 702.75 ▲ 3.65% COFFEE 317.10 ▼ 4.47% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 145.00 ▲ 0.83% COTTON 80.43 ▲ 1.86% COCOA 5,410 ▼ 3.51% BEEF 220.68 ▼ 2.65% CATTLE 338.65 ▼ 3.12% LITHIUM 69.44 ▲ 0.52% PETR4 42.62 ▲ 2.30% VALE3 74.55 ▲ 3.20% ITUB4 42.85 ▲ 0.75% BBDC4 18.82 ▲ 1.46% ABEV3 16.09 ▲ 1.84% BBAS3 20.89 ▲ 0.05% B3SA3 15.59 ▲ 2.77% WEGE3 46.22 ▲ 8.83% PRIO3 59.65 ▲ 2.53% SUZB3 42.52 ▲ 2.14% RENT3 37.14 ▲ 1.61% AZZA3 17.51 ▲ 0.17% CSAN3 3.95 ▲ 4.50% RAIZ4 0.28 ▲ 3.70% PCAR3 2.75 ▲ 0.73% GMAT3 3.87 ▲ 1.04% PSSA3 54.34 ▲ 1.61% CVCB3 1.23 ▲ 9.82% POSI3 3.72 ▲ 1.09% SLCE3 13.88 ▲ 0.95% NATU3 8.80 ▲ 1.03% BRKM5 5.99 ▲ 4.90% RANI3 7.98 ▲ 1.14% CSNA3 5.31 ▲ 4.94% CMIN3 5.88 ▲ 5.38% USIM5 8.64 ▲ 2.13% GGBR4 24.00 ▲ 2.17% ENEV3 25.76 ▲ 1.34% CPFE3 46.55 ▲ 0.32% CMIG4 11.15 ▲ 1.18% EQTL3 39.07 ▲ 0.62% LREN3 13.53 ▲ 1.96% VIVT3 35.87 ▲ 0.20% RAIL3 13.60 ▲ 2.72% KLABIN 17.92 ▲ 1.88% RAIA DROGASIL 18.34 ▲ 1.16% RDOR3 34.22 ▲ 0.88% HAPV3 11.52 ▲ 2.49% FLRY3 16.73 ▲ 1.09% SMTO3 15.93 ▲ 2.25% UGPA3 32.36 ▲ 1.70% VBBR3 34.68 ▲ 2.15% BBSE3 41.85 ▲ 0.72% BPAC11 56.33 ▲ 1.73% CURY3 30.41 ▲ 1.54% AERI3 2.07 ▲ 1.47% VIVARA 21.45 ▲ 0.19% COMPASS 24.88 ▲ 1.80% VAMOS 3.22 ▲ 4.21% SANB11 26.93 ▼ 1.03% ASAI3 8.48 ▲ 2.79% SBSP3 28.97 ▲ 1.29% WALMEX 49.49 ▲ 0.69% GMEXICO 213.27 ▲ 2.06% FEMSA 230.05 ▲ 1.46% CEMEX 22.36 ▲ 1.31% GFNORTE 189.02 ▲ 1.73% BIMBO 60.09 ▲ 1.18% TELEVISA 9.89 ▲ 1.33% AMX 22.64 ▼ 0.53% GAP 382.40 ▲ 1.03% ASUR 276.38 ▲ 0.51% OMA 232.44 ▲ 2.73% KOF 183.25 ▲ 1.54% GRUMA 283.50 ▲ 0.32% KIMBER 38.99 ▲ 1.54% SQM-B 64,800 ▲ 0.40% COPEC 6,449 ▼ 0.01% BSANTANDER 79.50 ▲ 0.62% FALABELLA 5,900 ▼ 0.32% ENELAM 84.11 ▼ 0.50% CENCOSUD 2,027 ▼ 0.06% CMPC 1,084 ▲ 0.01% BANCO CHILE 188.21 ▼ 0.95% LATAM AIR 24.00 ▼ 0.83% YPF 80,625 — 0.00% GGAL 7,965 — 0.00% PAMPA 5,475 — 0.00% TXAR 679.00 — 0.00% ALUAR 973.00 — 0.00% TGS 9,710 — 0.00% CEPU 2,340 — 0.00% MIRGOR 16,775 — 0.00% COME 42.87 — 0.00% LOMA NEGRA 3,605 — 0.00% BYMA 292.25 — 0.00% TELECOM ARG 4,255 — 0.00% ECOPETROL 17.05 ▲ 3.15% BANCOLOMBIA 84.20 ▲ 0.67% GRUPO AVAL 5.09 — 0.00% CREDICORP 390.05 ▼ 0.27% SOUTHERN COPPER 193.03 ▲ 2.67% BUENAVENTURA 32.45 ▲ 3.84% MERCADOLIBRE 1,779 ▼ 2.38% NUBANK 14.22 ▼ 1.22% XP 17.06 ▲ 1.25% PAGSEGURO 9.60 ▲ 0.16% STONE 11.26 — 0.00% GLOBANT 32.03 ▼ 0.23% TECNOGLASS 45.97 ▲ 1.82% GAP AIRPORT 220.67 ▲ 1.37% ASUR 276.38 ▲ 0.51% OMA AIRPORT 106.95 ▲ 2.60% AMX ADR 26.05 ▼ 0.15% FEMSA ADR 132.51 ▲ 1.66% CEMEX ADR 12.86 ▲ 1.26% PETROBRAS ADR 19.02 ▲ 2.59% VALE ADR 14.72 ▲ 3.30% ITAU ADR 8.47 ▲ 0.83% SANTANDER BR 5.44 ▲ 0.46% AMBEV ADR 3.17 ▲ 1.80% CSN 1.05 ▲ 5.24% GERDAU 4.75 ▲ 2.37% LATAM ADR 51.11 ▼ 0.89% BTC 65,945 ▼ 0.84% ETH 1,943 ▲ 0.77% SOL 78.00 ▼ 0.14% XRP 1.15 ▲ 0.29% BNB 573.30 ▼ 0.05% ADA 0.18 ▲ 1.76% DOGE 0.07 ▼ 0.39% AVAX 6.57 ▲ 0.13% LINK 8.70 ▲ 0.64% DOT 0.84 ▼ 0.45% LTC 46.87 ▲ 0.12% BCH 221.47 ▼ 1.00% TRX 0.33 — 0.00% XLM 0.19 ▼ 0.56% HBAR 0.07 ▲ 3.28% NEAR 1.89 ▼ 2.43% ATOM 1.47 ▼ 0.95% AAVE 97.95 ▲ 2.49% SELIC 14.25% EMBRAER 84.40 ▲ 2.12% EMBRAER ADR 66.82 ▲ 2.06% JBS 12.15 ▲ 1.63% JBS BDR 61.41 ▲ 1.98% MBRF3 15.47 ▲ 2.38% MBRFY 3.00 ▲ 1.69% INTER 5.54 ▼ 0.72% EGX 53,932 ▼ 0.11% USD/ZAR 16.42 ▼ 0.23% USD/NGN 1,370 ▼ 0.45% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.07 ▼ 0.05% USD/CNY 6.7609 ▲ 0.06% DAX 25,151 ▲ 0.56% CAC 8,444 ▲ 0.96% FTSE 10,726 ▲ 1.32% MIB 52,811 ▲ 1.01% IBEX 19,601 ▲ 1.14% STOXX 647.36 ▲ 0.65% EUR/USD 1.1417 ▲ 0.11% GBP/USD 1.3386 ▲ 0.05% SPX 7,512 ▲ 0.03% DJI 52,429 ▲ 0.39% NDX 29,108 ▼ 0.16% RUT 2,980 ▼ 0.26% TSX 35,706 ▲ 0.95% VIX 17.16 ▲ 0.65% USD/CAD 1.4090 ▼ 0.11% US10Y 4.6420 ▲ 0.30%
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Brazil Life & Society

Vice-President Mourão: ‘No Country Has Harmed Itself as Much as Brazil’

By · May 15, 2020 · 3 min read

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RIO DE JANEIRO, BRAZIL – The vice-president of Brazil, Hamilton Mourão, said he views the country on its path to chaos and that he sees no other place in the world that is “causing as much harm to itself as Brazil”, in a text he signs in the newspaper O Estado de S. Paulo, published yesterday. He blames other institutions and stands up for the federal government in the article.

According to the reserve general, the novel coronavirus pandemic is not only a health issue and has already become an economic one and “may become a security issue” at a time of “institutional damage”.

The vice-president of Brazil, Hamilton Mourão, said he views the country on its path to chaos and that he sees no other place in the world that is "causing as much harm to itself as Brazil", in a text he signs in the newspaper O Estado de S. Paulo, published yesterday.
The Vice-president of Brazil, Hamilton Mourão (Photo internet reproduction)
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“The crisis it [covid-19] caused has never been, nor could it be, a matter that affects exclusively a Ministry, a Branch, a level of administration or a professional class. It is political in the sense that it affects the whole of society, and society, while politically organized, can only tackle it through state action,” he writes in the article.

Mourão says that Brazil is dealing with the pandemic in a “disorderly” manner, which is already having an impact on the economy. “The disorderly manner in which the social isolation measures were decreed has crippled the country’s economy, the threat of disorganization of the productive system is real, and the sharpest drops in Brazilian exports from January to April this year were in the manufacturing, automotive, and aeronautics industries, which generate the most wealth. Not to mention the unemployment disaster that is on the horizon”.

Without mentioning President Jair Bolsonaro, nor specific crises faced by his government – which has been clashing with the Legislative and the Judicial Branches – Mourão says: “No country in the world has an immediate solution for this scourge [covid-19], each one seeking to tackle it according to its reality. But none has caused as much harm to itself as Brazil. An institutional damage that had already been occurring, but which now has reached the brink of senselessness, is leading the country to chaos and can be summarized in four points”.

The vice-president then mentions the points: the political “polarization”, the “degradation of political knowledge”, the “impinging on the Executive Branch’s prerogatives” and “the resulting damage to Brazil’s image abroad”.

Regarding polarization, Mourão criticizes the press and says that “we have become unable to do what is fundamental to face any problem: sit at the table, talk and debate. The press, the great institution of opinion, needs to review its procedures in this calamity we are experiencing. Different opinions, contrary and favorable to the government, both on isolation and on the resumption of the economy, in short, on the handling of the crisis, must have the same space in the main media outlets. Without this we will be discredited (…)”.

In the second point, the vice-president criticizes those who “forget that Brazil is not a confederation, but rather a federation”, mentioning governors, magistrates and legislators who, according to him, operate above the federal government’s decisions.

In the third point, Mourão again criticizes “presidents of other powers” for seeking to play the role of President.

He mentions that ‘The Federalist Papers’ collection, in which one of its authors, James Madison, established “as basic foundations, on this basis, that the legislative, executive and judicial departments should be separate and distinct, so that no person should exercise the powers of more than one of them at the same time,” a rule shattered in Brazil today by the multitude of decisions of presidents of other branches of government, of judges of all instances and of prosecutors, who, despite not holding mandates of executive authority, attempt to exercise it”.

Finally, Mourão criticizes those who “use their prestige to draw hasty conclusions and point out Brazil ‘as a threat to itself and to others in the destruction of the Amazon and the worsening of global warming’, a frivolous accusation”.

“These points sum up a severe, yet not insurmountable situation, as long as there is a minimum of sensibility from the highest authorities in the country. (…) While the world’s major countries are organizing themselves to tackle the pandemic on all fronts, from health to production and consumption, here in Brazil, we remain relegated to selective statistics, discord, corruption and opportunism,” concludes Mourão.

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