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Brazil’s Lula predicts insurance policies in place inside 100 days, reassures markets

Brazil’s Lula predicts insurance policies in place inside 100 days, reassures markets

Brazil’s Lula predicts insurance policies in place inside 100 days, reassures markets

BRASILIA (Reuters) – Brazil’s leftist President Luiz Inacio Lula da Silva mentioned on Thursday that he plans to have insurance policies prepared inside 100 days so the nation “runs at regular pace” once more and informed monetary markets they need to not fear about his Employees Get together authorities.

Addressing Sunday’s storming of presidency constructing in Brasilia by supporters of former President Jair Bolsonaro, Lula informed reporters that “what occurred was an enormous warning, we received the election however fanatic Bolsonaro supporters are very harmful.”

“Going ahead we will probably be harder and much more cautious,” he mentioned. “We should discover out who’s funding these acts, that’s what places democracy in danger.

Supporters of right-wing Bolsonaro ransacked Brazil’s Congress, Supreme Court docket and presidential palace on Sunday, calling for a army coup to overturn the October election received by Lula.

Regardless of the occasions, Lula mentioned Protection Minister Jose Mucio will stay in workplace, saying “I belief him.”

“If I needed to fireplace a minister each time they made a mistake, the turnaround could be huge,” Lula mentioned.

The 77-year-old President additionally mentioned that markets mustn’t fear about his Employees Get together authorities.

“I at all times oversaw major surpluses”, mentioned Lula, who was additionally President of Brazil between 2003 and 2010.

(Reporting by Lisandra Paraguassu; Writing by Steven Grattan; Modifying by Alistair Bell)


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