Economics

Pro-Market Campos Offers Third Way in Bid to Oust Rousseff

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Eduardo Campos stepped down as governor of Brazil’s Pernambuco state today to campaign for the country’s top job, pledging to shrink the size of government while expanding social welfare.

Campos, 48, has also said he would consider granting the central bank more autonomy, cut political meddling in state-controlled energy companies, and expand the Bolsa Familia welfare program introduced by former President Luiz Inacio Lula da Silva. Campos’s Brazilian Socialist Party, or PSB, quit President Dilma Rousseff’s governing coalition in September. He handed over the governorship to his deputy in Recife today, PSB Vice President Roberto Amaral said in an e-mail.