Lula da Silva, the Brazilian president, appears to be enjoying a honeymoon period following concerns...
Lula da Silva, the Brazilian president, appears to be enjoying a honeymoon period following concerns among investors about his previous hard-left stance. Since winning the presidential elections in October 2002, the new president has made a series of reassuring statements that have appealed to investors and the wider electorate. Rupert Brandt, director of Latin American equities at F&C, says there had been concerns about Lula's political agenda. 'He was in opposition for 10 years and was against pro-market reform,' he explains. 'But in the past few years he has altered his policies...
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