Clipping of news on Brazilian Culture, Law and Citizenship
05/23/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The rapporteur of the Provisional Measure 567/12, which changed the rules of savings accounts, Mr Henrique Fontana (PT-RS), is still reviewing the possibility of including in his opinion changes that facilitate the portability of mortgages for borrowers to exchange bank and get the benefits of lower interest rates.
According to the parliamentarian, "those who were taken to make loans for ten years, against a backdrop of huge interest in Brazil, must also benefit from this process of reduction of interest rates."
He said it would work for that to happen now or in the next period. "May it benefit that debtor who made the financing of your own home, so he can have a reduction in its provision based on this new reality of reduced interest rate," said Fontana, after the public hearing on Tuesday Wednesday, the Joint Committee which analyzes the Savings MP, the Minister of Finance, Guido Mantega,
Guido Mantega
Minister Guido Mantega said the government is studying the issue of portability and the goal is to enable the transfer without any detriment to the borrower. He said the government may take steps to reduce defaults in some sectors through a restructuring.
The minister also said that banks have pledged to reduce the share of loans entering the car as a support for the measures announced earlier this week to expand this type of loan. The government reduced the tax on industrialized products (IPI) of the cars by the end of August and also the financial operations tax (IOF) for credit to individuals.
Regarding savings, Mantega said she still attractive, despite the changes. But he said they were necessary to remove obstacles to the drop in basic interest rates.
Critical to the European
The minister opened the hearing criticizing the strategy used by European countries to get out of the crisis. This strategy would focus on fiscal adjustment at the expense of measures to stimulate the economy. Mantega said the situation could change, however, with the election of new president of France, Francois Hollande.
Mantega said the Brazilian economy is protected, but the study cited the International Monetary Fund (IMF) estimates that the drop in Gross Domestic Product (GDP) in many countries if the European crisis deepens.
"Fortunately the countries of Latin America and Brazil are among those that, if there is more stress, suffer a loss of GDP relative to what was projected at around 1%," said Mantega. "So if they were to rise 5% , grow 4%. What is important is that they will continue to grow and not suffer a recession. "
The official projection for economic growth of the Finance Ministry to Brazil in 2012 is 4.5%. However, research by the Central Bank with the market already talking about growth of just over 3%.
Source: MSN News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.