Brazil Economy Minister fans rumors about his departure

Brazil Economy Minister fans rumors about his departure
By AFP 1 hour ago in Politics .

Brazil's Economy Minister Joaquim Levy fanned speculation Friday that he could soon be leaving his post, in what would be yet another blow to the crisis-hit government of President Dilma Rousseff.

At a breakfast press conference with reporters, the fiscally conservative economist struck a valedictory tone that appeared to hint at his departure without addressing the gossip head on.

Speculation that Levy is on his way out the door was thought to have contributed to a three percent plunge in the markets here on Friday.

Levy, an orthodox economist, formerly worked at the International Monetary Fund. Some news report, unsubstantiated as yet, say Rousseff already has been looking for his successor.

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