Good morning! Today, we talk about how Brazilian politics is becoming similar to the U.S. Congressional leadership elections end positively for Lula. And a grimmer inflation outlook.
☕ If you like our work and want to give us an extra boost, you can fill up our reporters’ coffee mugs. Supporters get exclusive perks! Find out more.
The calcification of Brazilian politics
The first month of Luiz Inácio Lula da Silva’s administration was as eventful as they come. Within a week, the government had to deal with a massive institutional crisis after a mob of far-right radicals stormed government buildings, claiming the 2022 election had been rigged. The January 8 riots were followed by attacks on power lines, in an attempt to provoke unrest around the country.
- Lula also dealt with a military crisis, changing the Army’s command after generals reportedly challenged the new government’s authority.
- Additionally, the police found the draft of a decree that would be used to overturn last year’s election and keep former President Jair Bolsonaro in power.
- Lula extended fuel tax breaks, picked fights with financial markets, and promised to use public banks to finance projects abroad. His administration also denounced a humanitarian...