Clipping of news on Brazilian Culture, Law and Citizenship
28/05/2014
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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The Brazilian Institute for Consumer Defense ( IDEC) called today ( 27 ) the Supreme Court ( STF ) do not delay the trial of the action on loss of yield savings accounts because of economic plans of the 1980s and 1990s . The trial is scheduled for tomorrow ( 28 ) . According Idec, the postponement is " procrastinating " .
The manifestation of the Supreme Idec was presented to the application for postponement made today by Attorney General of the Republic , Rodrigo Janot , to issue new opinion on the economic impacts caused by the decision of the Supreme . The application shall be examined by the minister Ricardo Lewandowski , rapporteur of the main action on the issue .
" Savers , mostly elderly , have been waiting over 20 years to resolve the matter . So Idec press the STF to continue to give this judgment recognizing the right of savers , "says the institute .
The trial began in December last year and the oral arguments of the Central Bank and the lawyers of savers . However , the ministers decided to postpone the conclusion , that the matter be set at once . There are 390 thousand stalled processes across multiple instances of the Judiciary awaiting the decision of the Supreme .
The court will determine whether banks have to pay the difference of losses in yield savings accounts caused by the Cross (1986 ) , Bresser (1988 ) , Summer (1989 ) , Collor 1 ( 1990) and Collor 2 (1991 ) plans . The main action is on trial at the National Confederation of the Financial System , which asks for confirmation of the constitutionality of economic plans . The ministers of the Supreme Court will also examine the actions of banks of Brazil , Itaú and Santander .
In the same action , Idec asks banks pay savers financial losses caused by the adjustment rates of inflation plans . According to the prosecutor of the Central Bank , Isaac Sidney Menezes Ferreira , the banking system may have damage estimated at U.S. $ 149 billion , if the Supreme decides that banks must pay the difference .
Source : Agencia Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.