Campos Says Brazil Needs Long-Term Fiscal Strategy After S&P Cut

Brazilian presidential hopeful Eduardo Campos said the country needs to reassess the political role of the Mercosur trade group, devise a long-term strategy for fiscal policy and avoid fighting inflation with measures he described as a “handbrake.”

Campos, the governor of Pernambuco state, used a speech at an American Society event in Sao Paulo today to criticize President Dilma Rousseff’s management of the economy, saying there’s a confidence crisis in the country that’s holding back investments needed to spur growth.