Brazil Politics: Life After Lula
Markets almost collapsed during the 2002 election, when Lula first took power. Less volatility is expected in 2010, and José Serra leads the polls.
by John Rumsey Regardless of how well Lula negotiates this
years sharp downturn, the next Brazilian president faces
significant challenges. José Serra, governor of
São Paulo state and senior member of the opposition
PSDB, is a frontrunner to win 2010 elections. The tough
negotiator and competent economic steward has the hallmarks of
a fiscal hawk. But his credentials as a centre-left pragmatist
are likely to disappoint those seeking deep reform.With the
exception of president Lula, Serra is probably the most
experienced politician in the country, says Timothy Power, a
lecturer in Brazilian studies at Oxford University. By the
start of the military dictatorship in 1964, he had already been
president of the National Union of Students. As an enemy of the
military dictatorship he was exiled, thus sharing a history
with his main competitor for the presidency, Dilma Rousseff,
Lulas chief of staff and front-runner in the
Workers Party (PT)...
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