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To Privatize or not to Privatize | Brasil 24/7

Omnipresent media blitz by Empiricus Research

Omnipresent media blitz by Empiricus Research

former president Fernando Henrique Cardoso denied that this is the intention of the PSDB

Topic: FHC denies PSDB plan to privatize Petrobras

Source: Brasil 24/7

Dueling Toucans

Senator José Serra (PSDB-SP) has revealed his model for rescuing Petrobras; it consists in dividing the company into various areas and selling non-strategic assets to the private sector. “Petrobras should be divided into autonomous companies and a holding. Then, in each case, either you sell your shares or you go public,” he told journalist Fernando Rodrigues. Though this would seem to constitute privatization, Serra guarantees that it is not, saying he would soon present a complete plan for the company. “I am studying the entire situation, in order to present the Senate with a month or two with a contribution to the Petrobras debate. In 2010, Serra was accused of having promised to open the pre-salt layer to exploitation by the American former president Fernando Henrique Cardoso denied that this is the intention of the PSDBChevron. According to Serra, Petrobras has become “a monster, impossible to govern.”

Days after Senator Serra (PSDB-SP) defended the partial privatization of Petrobras, with the sell-off of nonstrategic assets … the former president Fernando Henrique Cardoso denied that this is the intention of the PSDB. Below, [an excerpt from] his monthly article.

[…]

“Why does Lula, instead of assuming the statesmanlike posture that history requires, insists on roaring, as he did in late February, that he would put the “hosts” of the MST (worse, he called them the “army” of the MST) to defend what no one is attacking: democracy and — this is incredible — the salvation of Petrobras from a privatization that no Toucan is defending?” asked Cardoso, in an article published this weekend.

During the prior week, however, in an interview published this week, Senator José Serra announced that his model for Petrobras consists in the division of the company into autonomous companies and the sale of non-strategic assets.

In other words, a partial privatization of Petrobras.

And Serra? Is he not a ranking Toucan of the PSDB?