Berliner Boersenzeitung - Brazil's new leader Lula rises from ashes at 77

EUR -
AED 4.033632
AFN 75.554639
ALL 98.772991
AMD 426.769718
ANG 1.987359
AOA 1013.613232
ARS 1071.533469
AUD 1.61591
AWG 1.97671
AZN 1.871252
BAM 1.955661
BBD 2.226442
BDT 131.77065
BGN 1.958794
BHD 0.413671
BIF 3199.173
BMD 1.098172
BND 1.431298
BOB 7.619459
BRL 5.993059
BSD 1.102722
BTN 92.528435
BWP 14.585965
BYN 3.608644
BYR 21524.172736
BZD 2.222642
CAD 1.491263
CDF 3152.852434
CHF 0.941709
CLF 0.036804
CLP 1015.524082
CNY 7.707466
CNH 7.796148
COP 4578.125651
CRC 571.959416
CUC 1.098172
CUP 29.10156
CVE 110.257177
CZK 25.371843
DJF 196.356067
DKK 7.460437
DOP 66.315295
DZD 146.42761
EGP 53.048236
ERN 16.472581
ETB 131.91484
FJD 2.429651
FKP 0.836323
GBP 0.836926
GEL 3.00942
GGP 0.836323
GHS 17.444762
GIP 0.836323
GMD 75.774264
GNF 9520.324478
GTQ 8.532395
GYD 230.693631
HKD 8.528899
HNL 27.419054
HRK 7.466484
HTG 145.389684
HUF 401.715553
IDR 17208.356468
ILS 4.190564
IMP 0.836323
INR 92.279785
IQD 1444.497505
IRR 46238.535747
ISK 148.978448
JEP 0.836323
JMD 174.237637
JOD 0.778059
JPY 163.325686
KES 142.249907
KGS 93.019347
KHR 4475.682425
KMF 493.024776
KPW 988.354248
KRW 1479.095448
KWD 0.336404
KYD 0.918935
KZT 532.542213
LAK 24349.272279
LBP 98745.393447
LKR 323.85702
LRD 212.8149
LSL 19.264533
LTL 3.242617
LVL 0.664274
LYD 5.258627
MAD 10.785735
MDL 19.346627
MGA 5050.641628
MKD 61.615628
MMK 3566.820073
MNT 3731.588673
MOP 8.817974
MRU 43.654902
MUR 51.054436
MVR 16.857357
MWK 1912.064328
MXN 21.180487
MYR 4.635938
MZN 70.177291
NAD 19.264533
NGN 1798.454863
NIO 40.577121
NOK 11.702346
NPR 148.045495
NZD 1.782602
OMR 0.42253
PAB 1.102722
PEN 4.107709
PGK 4.391688
PHP 62.203216
PKR 305.994888
PLN 4.319045
PYG 8595.390108
QAR 4.020515
RON 4.98296
RSD 117.010697
RUB 104.253303
RWF 1493.993993
SAR 4.125701
SBD 9.091451
SCR 15.231501
SDG 660.554542
SEK 11.388488
SGD 1.431581
SHP 0.836323
SLE 25.09027
SLL 23028.113751
SOS 630.155287
SRD 34.266988
STD 22729.944822
SVC 9.648315
SYP 2759.190222
SZL 19.256634
THB 36.545012
TJS 11.743567
TMT 3.854584
TND 3.373161
TOP 2.572033
TRY 37.475675
TTD 7.478469
TWD 35.455625
TZS 3004.786793
UAH 45.397479
UGX 4043.713075
USD 1.098172
UYU 46.116728
UZS 14049.003142
VEF 3978186.045782
VES 40.620775
VND 27201.722381
VUV 130.377195
WST 3.072096
XAF 655.910459
XAG 0.034122
XAU 0.000414
XCD 2.967865
XDR 0.820042
XOF 655.910459
XPF 119.331742
YER 274.876415
ZAR 19.099453
ZMK 9884.870451
ZMW 29.02794
ZWL 353.610961
  • NGG

    -0.4700

    66.5

    -0.71%

  • RIO

    -0.1300

    69.7

    -0.19%

  • AZN

    -0.4600

    77.47

    -0.59%

  • CMSC

    -0.0400

    24.7

    -0.16%

  • RBGPF

    58.9400

    58.94

    +100%

  • GSK

    0.4500

    38.82

    +1.16%

  • RELX

    -0.3200

    46.29

    -0.69%

  • SCS

    0.3500

    12.97

    +2.7%

  • RYCEF

    0.0000

    6.98

    0%

  • BP

    0.4200

    32.88

    +1.28%

  • BCC

    0.6100

    138.9

    +0.44%

  • VOD

    -0.0300

    9.66

    -0.31%

  • BTI

    0.1800

    35.29

    +0.51%

  • JRI

    -0.0200

    13.28

    -0.15%

  • CMSD

    -0.0770

    24.813

    -0.31%

  • BCE

    -0.1300

    33.71

    -0.39%

Brazil's new leader Lula rises from ashes at 77
Brazil's new leader Lula rises from ashes at 77 / Photo: EVARISTO SA - AFP/File

Brazil's new leader Lula rises from ashes at 77

Luiz Inacio Lula da Silva, who rose from poverty to Brazil's presidency before crashing into disgrace in a corruption scandal, made a spectacular comeback as leader of Latin America's biggest economy at the age of 77.

Text size:

Lula, as he is affectionately known, scraped ahead of far-right incumbent Jair Bolsonaro to win a third term at the helm, election authorities confirmed.

Just 18 months ago, the bearded leftist hero with the trademark raspy voice was a political pariah, imprisoned in a corruption scandal that divided the nation.

Disgust with his Workers' Party (PT) propelled Bolsonaro into office in 2018, however the vitriolic and divisive conservative quickly lost popularity as he oversaw Covid-19 carnage, environmental destruction, and made comments criticized as racist, sexist and homophobic.

"We need to fix this country... so the Brazilian people can smile again," Lula said during a tireless campaign in which he crisscrossed the country and appeared on popular podcasts to lure younger voters.

He vowed that under his rule, Brazilians will be able to get back to "eating picanha and drinking beer" on the weekends, referring to the popular cut of beef that high inflation put out of reach for many.

The comments reveal the renowned political skill and folksy touch that endeared him to many across the globe, with Barack Obama once dubbing him "the most popular politician on Earth."

The charismatic Lula was the slight favorite throughout a lengthy and polarizing election campaign.

However the election came down to the wire, with Bolsonaro snapping at his heels until the last.

- Fall from grace -

Lula left office in 2010 as a blue-collar hero who presided over a commodity-fueled economic boom that helped lift 30 million people out of poverty.

Despite fears at the time that his brand of leftism would be too radical, Lula's 2003-2010 administration mixed trailblazing social programs with market-friendly economic policy.

He gained a reputation as a moderate and pragmatic leader.

Lula also turned Brazil into a key player on the international stage, helping secure it the 2014 World Cup and the 2016 Olympics in Rio de Janeiro.

At the end of his time in office, his approval rating stood at an unprecedented 87 percent.

But he then became mired in a massive corruption scandal centered on state-run oil company Petrobras that engulfed some of Brazil's most influential politicians, business executives and the PT.

Lula has always denied the accusations that he received kickbacks for giving out access to juicy Petrobras contracts.

He was jailed in 2018, the year Bolsonaro won. He spent more than 18 months in prison before being freed pending appeal.

His convictions were thrown out last year by the Supreme Court, which found the lead judge on the case was biased.

However, he was not exonerated. Many Brazilians remain traumatized by the scale of the corruption scandal. While many others have fond memories of economic prosperity under his rule, others voted for him merely to see the back of Bolsonaro.

- From poverty to president -

Lula grew up in deep poverty, the seventh of eight children born to a family of illiterate farmers in the arid northeastern state of Pernambuco.

When he was seven, his family joined a wave of migration to the industrial heartland of Sao Paulo.

Lula worked as a shoeshine boy and peanut vendor before becoming a metalworker at the tender age of 14.

In the 1960s, he lost a finger in a workplace accident.

He rose quickly to become head of his trade union, and led major strikes in the 1970s that challenged the then-military dictatorship.

In 1980, he co-founded the Workers' Party, standing as its candidate for president nine years later.

Lula lost three presidential bids from 1989 to 1998, finally succeeding in 2002 and again four years later.

This was his sixth presidential campaign.

The twice-widowed father of five survived throat cancer and in 2017 lost his wife of four decades, Marisa Leticia Rocco, to a stroke.

Lula has said he is again "in love as if I were 20 years old" with Rosangela "Janja" da Silva, a sociologist and PT activist whom he married in May.

Lula has said he will not seek a second term.

(O.Joost--BBZ)