Berliner Boersenzeitung - Brazil awaits Bolsonaro's next move as Lula faces tough to-do list

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
  • BCC

    0.6100

    138.9

    +0.44%

  • RELX

    -0.3200

    46.29

    -0.69%

  • RBGPF

    58.9400

    58.94

    +100%

  • SCS

    0.3500

    12.97

    +2.7%

  • RYCEF

    0.0000

    6.98

    0%

  • CMSC

    -0.0400

    24.7

    -0.16%

  • NGG

    -0.4700

    66.5

    -0.71%

  • JRI

    -0.0200

    13.28

    -0.15%

  • RIO

    -0.1300

    69.7

    -0.19%

  • CMSD

    -0.0770

    24.813

    -0.31%

  • VOD

    -0.0300

    9.66

    -0.31%

  • AZN

    -0.4600

    77.47

    -0.59%

  • GSK

    0.4500

    38.82

    +1.16%

  • BCE

    -0.1300

    33.71

    -0.39%

  • BTI

    0.1800

    35.29

    +0.51%

  • BP

    0.4200

    32.88

    +1.28%

Brazil awaits Bolsonaro's next move as Lula faces tough to-do list
Brazil awaits Bolsonaro's next move as Lula faces tough to-do list / Photo: Pablo PORCIUNCULA - AFP

Brazil awaits Bolsonaro's next move as Lula faces tough to-do list

A tense Brazil awaited Jair Bolsonaro's next move Monday, as the far-right incumbent remained silent after losing a razor-thin runoff presidential election to veteran leftist Luiz Inacio Lula da Silva -- who now faces a tough to-do list.

Text size:

The country now faces two long months until inauguration day on January 1, after Bolsonaro's defeat by Lula with a score of 51 percent to 49 percent -- the tightest race since Brazil returned to democracy after its 1964-1985 military dictatorship.

Fresh off a huge victory party that capped a remarkable political comeback, ex-president Lula -- now president-elect -- faces the less-pleasant business of a messy, high-risk transition process.

Bolsonaro's radio silence after the polarizing election Sunday left Brazilians on edge, after months of the ex-army captain alleging election fraud and a supposed conspiracy against him.

Lula criticized his nemesis for not acknowledging the result.

"Anyplace else in the world, the defeated president would have called me to recognize his defeat. He hasn't called yet. I don't know if he will," he said in his victory speech to a euphoric sea of red-clad supporters in Sao Paulo.

The lights went out at the presidential residence in Brasilia Sunday night with no word from the leader, who is often compared to former US president Donald Trump.

"Lula will have to watch out... for any challenge Bolsonaro and his allies make to delegitimize his win and mobilize his supporters, like Trump in the United States" after his 2020 election loss, said political scientist Paulo Calmon of the University of Brasilia.

- Narrow win -

But with some key Bolsonaro allies -- including the speaker of Congress Arthur Lira -- acknowledging the incumbent's defeat, the president did not look to have strong backing in the halls of power to challenge the result.

Lula said he would work to heal a nation wounded by a bitter campaign.

"We'll have to dialogue with a lot of angry people... This country needs peace and unity. The Brazilian people don't want to fight anymore," the ex-metalworker said, his gravelly voice even raspier than usual at the close of a grueling campaign.

Easier said than done, according to political analysts.

"It was a very narrow victory... (that left) half the population unhappy. Lula will have to show a lot of political skill to pacify the country," said political scientist Leandro Consentino of Insper university in Sao Paulo.

"The worst thing that could have happened Sunday was for Brazilians to go to sleep without the president saying anything. It casts doubt over whether he's going to accept the result," he told AFP.

- 'Immense' challenge -

The win was a stunning turnaround for Lula, who left office in 2010 as the most popular president in Brazilian history when he was imprisoned for 18 months on since-quashed corruption charges.

But he is hated by many Brazilians for the economic crisis and massive corruption scandal that marked the end of 13 years in power for his Workers' Party, which crashed to a close when hand-picked successor Dilma Rousseff was impeached in 2016.

Now Lula returns to office -- an unprecedented third term at the age of 77 -- facing a political and economic landscape that look far more hostile than in the 2000s.

Bolsonaro's far-right allies scored big victories in legislative and governors' races in the first-round election on October 2, and will be the largest force in Congress.

And the global economic situation looks nothing like the commodities "super-cycle" that allowed Lula to lead Latin America's biggest economy through a watershed boom.

Lula has acknowledged his tough to-do list.

"The challenge is immense," he said, citing a hunger crisis, weak economy, bitter political division and rampant destruction of the Amazon rainforest.

Lula will face "strong" opposition, and possibly street protests, said political analyst Adriano Laureno of consulting firm Prospectiva.

"He'll take office amid a possible global recession" and difficult economic decisions at home, Laureno told AFP.

"It will be very hard to remain popular," he said.

- Hope for climate fight -

All eyes in Western capitals have been on the election's impact on the future of the Amazon and the global climate emergency.

In his nearly four years in power, climate skeptic Bolsonaro became a frequent target of criticism from environmentalists over his support of lumber and mining companies blamed for destroying the rainforest, with Lula's win raising hopes for change.

Norway, which halted Amazon protection subsidies to Brazil in 2019, will resume its collaboration with Brasilia following Lula's victory, the Scandinavian country's environment minister told AFP Monday.

"We note that during the campaign (Lula) emphasized the preservation of the Amazon forest and the protection of the Indigenous peoples of the Amazon," Espen Barth Eide said, adding that the Amazon rainforest preservation fund currently has 5 billion Norwegian kroner (about $482 million).

Although Lula's own environmental record is hardly spotless, activists say that under Bolsonaro, deforestation in the Amazon soared.

(S.G.Stein--BBZ)