04 February 2011

BRASIL: Dilma Faces Union Wage Challenges With Austerity Pledge.

BLOOMBERG/ Luri Dantas/

   Finance Minister Guido Mantega says the government “won’t budge” over demands by unions for an even greater boost in the monthly minimum age even as President Dilma Rousseff (pictured)favors lifting it an additional 6.8 percent this year to 545 reais ($327).
    Rousseff faces the task of cooling inflation from its two-year high and bringing down the high flying real in value.