Lessons from the strike in France

Lessons from the strike in France

The French took to the streets to protest against the government's proposed increase of 2 years in the minimum retirement age.

Of course, most want the ongoing age to be maintained.

The challenge is : the life expectancy has systematically increased in that country and the national budget needs to cover this "additional cost".

There is no magic. 

But our preference is to look at the comfortable side that interests us.

This analysis is carried out by looking at what happens in the ongoing budgetary "gymnastics" in Brazil. Rules are changed, new criteria are established, but there is no real concern with the long-term economic-financial systemic balance of the country.

In Brazil there is not this type of strike that is observed in France. In its place, the "challenge" is pushed with the belly (as the popular wisdom tells us), which will explode later on. Meanwhile everyone will pay with persistent inflation. A tax that is levied without ceremony.

In the Brazilian electric power sector all costs - legitimate or not - are transferred to energy users. No matter what! That's why Brazil even though having a super clean and cost effective power matrix (basically hydro, wind and solar) is in the last position regarding USD/MWh ranking among thew BRICS (Brazil, Russia, India, China and South Africa).