By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – After weeks of speculations, the new economic team to lead Dilma Rousseff’s administration in its second term was announced on Thursday: Joaquim Levy will take over as Brazil’s new Finance Minister, Nelson Barbosa will be the new Budget and Planning Minister, while Alexandre Tombini was asked to stay on as Central Bank President.
The appointments were seen by the market as a way to gain back investor confidence and restore Brazil’s economic credibility. “We have no immediate measures to announce. There will be no surprises,” said Levy . . .