The FT Editorial on Lula’s victory (26th October) says that the bond markets are ‘unnerved’. No news yet on whether Lula has received a solidarity telegram from Liz Truss. It does however concede that Lula does not have to appoint a banker as Finance Minister.
Meanwhile at the Times (Editorial 26th October) there is concern that Bolsonaro Jnr was not the right candidate to defeat Lula but a conclusion of a storm warning. Whether the storm relates to the bond markets or a potential Trump influenced coup is left unsaid.
Lula has of course the power of the millions who voted for him to push through change. On this occasion he may have little choice but to rely on it
Leave a Reply