This week, the aftermath of the Bolsonaro v. Moro crisis. The failed deal between Embraer and Boeing. And why Brazil’s markets are suffering more than others.
Crisis upon crisis in the Bolsonaro government
If the worst pandemic in a century wasn’t enough to deal with, Brazil is simultaneously heading into a full-scale institutional deadlock. On Friday, former judge Sergio Moro resigned from the Justice Ministry, but not before publicly accusing President Jair Bolsonaro of trying to meddle with Federal Police investigations and forging his signature on the Federal Register — the official gazette through which all government acts are published.
- The president will make two new appointments this week: a replacement Justice Minister, and a new head of the Federal Police. Head and shoulders above other potential nominees are two friends of Mr. Bolsonaro’s sons: his current secretary-general Jorge Oliveira — the best man at Eduardo Bolsonaro’s wedding — and the head of Brazil’s Intelligence Agency Alexandre Ramagem, who celebrated New Year’s Eve in 2019 with Carlos Bolsonaro.
Why it matters. Mr. Moro accused Mr. Bolsonaro of wanting “a Federal Police Chief that could give him information on investigation reports.” By naming his sons’ chums, the president is doing nothing...