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Enter stage left — Brazil’s next president?
Not every president has a police mugshot, but it’s not so surprising in Latin America.
A special report out of Brazil today sheds new light on Dilma Rousseff, a former guerrilla leader who is likely to be elected the booming country’s next president. She spent nearly three years in jail in the early 1970s and was tortured by her military captors. She’s come a long way since then.
The product of more than a dozen interviews with Rousseff and her top advisers, the story gives a glimpse of how Rousseff could govern at the helm of a country that, with India, Russia and China, is among the worlds few economic bright spots.
The upshot: while Rousseff is not the leftist-in-waiting that many investors fear, there is legitimate concern that hers could be a status-quo presidency, unable or unwilling to push through major reforms to Brazil’s tax, labor or fiscal structure. As a result, there is a risk that Latin America’s biggest economy could eventually stagnate under her administration.
Watch Brian Winter discuss the October 3 election on Reuters Insider here.