Nelson Barbosa replaces the fiscally conservative Joaquim Levy in a stride seen to signal an cessation to an aggressive austerity drive in the country Brazilian president Dilma Rousseff named leftist economist and close aid Nelson Barbosa to replace fiscally conservative finance minister Joaquim Levy on Friday,signalling a dramatic break with the deficit-cutting policies her administration has pursued for most of this year. Barbosa, currently the planning minister, and has been one of the strongest opponents of an aggressive austerity drive that Levy led in an attempt to regain the confidence of investors in an economy mired in its worst recession in a quarter of a century.
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Source: theguardian.com