News from Brazil

Politics & Government

In Brazil on October 15, 2010 at 9:44 am

ELECTIONS

Brazil’s presidential race narrowed to a statistical dead heat in a new poll on Thursday, causing investors to react for the first time in months to the possibility of a victory by opposition candidate Jose Serra (Reuters).

As Brazil gears up for the second round of its presidential election in two week’s time, a key role is being played by a candidate no longer on the ballot paper: Marina Silva (BBC).

Brazilian presidential candidates Dilma Rousseff and Jose Serra have clashed in a TV debate as they gear up for the second round vote on 31 October. Mr Serra from the Social Democratic Party accused Ms Rousseff of being two-faced and incoherent on moral issues. Ms Rousseff, the governing Workers’ Party candidate, accused the Serra campaign of spreading lies about her (BBC).

The Catholic Church has actively joined the Brazilian presidential campaign. Conservative Archbishop Aldo Pagotto of Paraiba accused Brazil’s Workers’ Party of “misinformation and manipulation of consciences” in an effort to win the upcoming presidential run-off election, slated for Oct. 31 (MercoPress).

When analyzing the elections results during her speech at the Plenary, senator Marisa Serrano (PSDB-MS) said neither the opposition parties nor the government base’s parties managed to score a victory in these elections. In her opinion, the Brazilian electorate opted for the balance of forces, without privileging the government or the opposition (Senado Federal).

Brazilian presidential candidate Jose Serra said he would “strengthen” Petroleo Brasileiro SA, Banco do Brasil SA and the state-run development bank BNDES if elected (Bloomberg).

Serra is surely leading in Brazil Weekly’s poll among you, our readers and Brazil experts:

FOREIGN AFFAIRS

There are certainly some striking similarities between Russia and Brazil.  Both continental countries and self-declared regional leaders, Russia and Brazil are extremely rich in natural resources, a characteristic that makes them important suppliers to China. While China has helped them weather the recent recession, both Russia (oil, gas) and Brazil (soy, iron ore) will need to be extremely careful not to enter in an unequal relationship with China, which buys up natural resources and sells value-added products in return. Oliver Stuenkel wonders if there is a case for stronger Russia-Brazil relations.

From currency battles to computerized corporate espionage, fractious international conferences to a new scramble for Africa, “great power politics” is back on the map. The growing power of emerging economies — particularly China, Russia, India and Brazil — is redrawing the priorities of foreign and defense ministries, driving financial markets and reshaping the global business environment (Reuters).

U.S. monetary stimulus and not the accumulation of reserves by emerging nations is creating the biggest imbalance in world economies, Brazil’s Central Bank President Henrique Meirelles said (Bloomberg).

SPLIT SECOND POLL

DEFENCE

Senator Papaléo Paes (PSDB-AP) stressed the importance of the implementation of a National Defense Strategy (NDS) for the Amazon. In his opinion, the measure would stimulate the region’s development, thus driving away the international greed on its biodiversity, mineral and water resources, as well as its energy wealth (Senado Federal).

Brazil is going to wait until after presidential elections conclude at the end of this month to decide a long-delayed multi-billion-dollar purchase of new fighter jets, Defense Minister Nelson Jobim said. Outgoing President Luiz Inacio Lula da Silva needs to discuss the matter with whoever is elected to succeed him in an October 31 runoff (DefenseNews).

TWITTER & LINKEDIN

You can also follow Brazil Weekly on Twitter at brazilweekly.

Be very welcome to join the Brazil Weekly networking and discussion group on Linkedin: Click here.

SOCIAL

Brazil’s population will grow until 2030 and then start falling, a study released by the Institute of Applied Economic Research (IPEA) said (Xinhua).

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