Brazil's Lula names ex-Sao Paulo mayor Haddad as finance minister

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Brazil's leftist President-elect Luiz Inacio Lula da Silva on Friday picked a trusted ally, former Sao Paulo Mayor Fernando Haddad, as his finance minister, ending days of speculation over a key appointment.

BRASILIA, Dec 9 - Brazil's leftist President-elect Luiz Inacio Lula da Silva on Friday picked a trusted ally, former Sao Paulo MayorLula is set to take office on Jan. 1 after narrowly defeating far-right incumbent Jair Bolsonaro in October.

"Markets fear that Haddad's administration could be marked by an expansion of public spending and an increase in the national debt," said Leonel Mattos, analyst at Stonex Market Intelligence. As the mayor of Brazil's largest city from 2013 to 2016, Haddad renegotiated its debt with the federal government, reducing it by about 50 billion reais.

Haddad's relationship with Lula grew closer during the 2018 presidential campaign, when he was the PT candidate after Lula was barred from the race by graft convictions that were later overturned.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Brazil is number 1 in murders. Check Wikipedia.

e a foto nem tem lula nem haddad

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines