Brazil’s Vice-President Accuses Lula of Having Pact with Devil

Brazilian Vice-President and Defense Minister. José Alencar, accused President Luiz Inácio Lula da Silva of having signed a "pact with the devil" because of his insistence with the orthodox economic policies of former president Fernando Cardoso.

During a debate organized by newspaper Folha de S. Paulo, Alencar concentrated his criticisms in the policy of high interest rates (19.5% the basic Central Bank rate) to keep inflation under control.

Mr. Alencar said that Brazilian rates are on average ten times higher than in other countries and even if they were only double, "the basic interest rate is inefficient containing public utilities rates hikes and the increase in oil derivates".

The Vice-President recalled that he has always been critical of restrictive monetary policies such as the one adopted by former president Cardoso who ruled from 1995 to 2002, and "I have not given up that position".

"I’m thankful to President Lula, but this does not mean I can’t be faithful to my principles. My loyalty to the President and my principles is absolute" he emphasized arguing that both "are compatible".

When asked about the corruption and hush funds scandal that have rocked Brazilian politics and the ruling Workers Party, Mr. Alencar said he was convinced President Lula da Silva "ignored what was going on".

"All those stories about the monthly payments to Congress members were born in the Workers Party. Lula’s administration was not informed. All those who are in touch with the President’s agenda, are well aware he was not part of it or knew about it," underlined the Vice-President.

Mr. Alencar, 73, a self made textile millionaire belonging to the Liberal Party  –  Municipal Renewal Party) accepted the invitation to join former union leader Lula’s presidential ticket which eventually won by a landslide in 2002.

However the Liberal Party was involved in the hush funds and corruption scandal and Mr. Alencar now belongs to the PMR (Partido Municipalista Renovador – Municipal Renewal Party), a grouping started by Igreja Universal do Reino de Deus (Universal Church of the Kingdom of God), one of the strongest Pentecostal churches of Brazil.

The change of party was also interpreted as an attempt by Mr. Alencar to run for the presidency in 2006, but the Vice-President definitively discarded the rumor, "I’m no candidate and not running for any office".

This article appeared originally in Mercopress – www.mercopress.com.

Tags:

Ads

You May Also Like

Commitment to Austerity is Sacred, Says Brazil’s New Finance Minister

Latin American stocks advanced, with Brazilian stocks posting the biggest gains on a continued ...

Kenya and Brazil Have Been Finding Ways to Improve Bilateral Relations

Brazil wants to strengthen its political and commercial ties with Kenya. The Kenyan chancellor, ...

Brazil Exports US$ 39 Million in Honey, a 112% Boost. US Buys 64%

Honey export from Brazil have recorded positive results in the first half this year. ...

New Orleans Is Just a Side-Effect of the Neoliberal Hoax While the Rich Flee in Helicopters

The shocking images of a devastated New Orleans constitute one more evidence of the ...

Brazil to Create 5 Industrial Airports with Tax Breaks for Exports

Infraero, the Brazilian Airport Infrastructure Company, a public organization that manages the airports in ...

Brazil’s Lula Signs Law to Bar Chinese Goods

Brazilian President Luiz Inácio Lula da Silva signed into law regulations for the use ...

World of High Decoration Gathers in Brazil for Abimad Fair

Abimad, the Brazilian High-End Furniture Manufacturers Association  and Apex-Brazil, the Brazilian Export and Investment ...

Brazilian Diplomats to Have Hands-on Training in Trade

Brazilian diplomats are going to be trained in the commercial area before starting to ...

After Debate, Brazil’s Lula Is More Candidate than President

Both the Brazilian government and the opposition claimed victory in the first televised debate, ...

Brazil Loses Celso Furtado, One of Its Brighest Intellectuals

Celso Furtado has died today November 20, 2004. With Dr. Furtado also has died ...