Brazil’s Fiscal Woes Ramp Up Pressure on Lula’s Finance Chief
- Target change, global uncertainty test Lula’s trust in Haddad
- Brazil finance chief faces calls to spend more to boost growth
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From prison to the presidency, Brazil’s Luiz Inacio Lula da Silva has turned to one ally more than any other in moments of need: Fernando Haddad, the once and potentially future political heir he named his finance minister.
Now Brazil’s increasingly cloudy fiscal outlook is poised to put their relationship through its toughest test.