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Return of Lula Rattles Brazil as Investors See Policy Change
Arnaldo Galvao, Raymond Colitt and Anna Edgerton
Updated on
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Central bank President Tombini not leaving, Rousseff says
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Investors pessimistic about possible change in economic policy
Critics: Recordings Show Rousseff Was Shielding Lula
Embattled Brazilian President Dilma Rousseff installed her predecessor Luiz Inacio Lula da Silva at the heart of her government, a high-risk gambit that could rally her party’s base while rattling the country’s economic elite and foreign investors.
The move is designed to help shield the former president from a rolling corruption probe and harness his renowned negotiating skills to defend his protege from impeachment. Only the Supreme Court can indict or try cabinet ministers. Lula has repeatedly denied wrongdoing.
