Brazil's Lula urges Congress to cut spending to help 'beat' financial markets

Reuters - 11/11
Brazil's president vowed to beat the "speculative greed" of financial markets in an interview broadcast late on Sunday and urged Congress to set an example by cutting spending as the government readies new fiscal measures.
SAO PAULO, Nov 11 (Reuters) - Brazil's president vowed to beat the "speculative greed" of financial markets in an interview broadcast late on Sunday and urged Congress to set an example by cutting spending as the government readies new fiscal measures.
Leftist leader Luiz Inacio Lula da Silva told broadcaster RedeTV! "I beat them once and I will win again," after market jitters over the sustainability of Brazil's public finances sent the local currency tumbling and interest rate futures soaring.
Brazil's real has recently dropped to its weakest against the dollar since March 2021, piling pressure on the government to introduce spending cuts quickly to show it is ...
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