Jair Bolsonaro tackles Brazil’s pensions problem

JAIR BOLSONARO won last October’s presidential election in Brazil by railing against crime and corruption. But the success of his presidency depends on whether he can revive the torpid economy. He can only do that if he reassures investors by reforming the country’s absurdly generous pension systems, which imperil public finances. On February 20th Mr Bolsonaro presented congress with a draft constitutional amendment to bring pension spending under control. He then went on television to promote a reform that he promised would “change our history”.