U.S. debt agreement resolves problems in the short term, says Cozendey

The agreement to lift the roof of the U.S. public debt eases the current situation, but does not solve the problems of the U.S. economy in the long term.
 
It was said that in the early afternoon of Monday, 1, Secretary of International Affairs of the Ministry of Finance, Carlos Cozendey. He said it is too early to estimate theimpact of the agreement in the Brazilian economy.

The possible consequences, the Secretary suggests the possibility of higher interest rates in the United States and cuts in public spending, which will delay the recovery ofthat country's economy.
 
But still can not make bets. "In the short term, the agreement resolves some, but thepolitical debate will continue over the long term and we do not yet know the final shape of this negotiation," said the secretary.