Economy

The words of Minister Guido Mantega on thegovernment's decision to continue takingmeasures against inflation and appreciation of the real, are welcome and have our support and I believe the society. Just as the government's decision, reiterated yesterday by Mantega, to really achieve the surplus of 3% in 2011.

The question, however, is more complex andrequires the government of not daring to raise rates, not allowing the pressure to resume amonetary policy where the only instrument tocontain inflation is rising interest rates, without considering the economic growth and employment.Also because the world situation and the ongoingwar exchange are a product of U.S. monetary policy and exchange rate policy of China. Not to mention that the European recession, more warsand insurrections in the Arab world, have createdan exceptional situation and new demands from usthat creativity, boldness and long-term strategy, notwhat we lack, and not the views of heads ofspreadsheet that our monetary policy hasdominated for so many years.