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Monday, 1 November 2010 - Brazil steps toward post-Lula era with Rousseff |
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    Edition: U.S. Article Comments (1) Slideshow Video Email Print Reprints Full Focus Best of the week Our top pictures from the past week.  Full Article  Read Wall St reform architect Frank fights for survival 28 Oct 2010 UPDATE 4-Argentina enters new political era as Kirchner dies 28 Oct 2010 French protest again on pensions but fatigue weighs 28 Oct 2010 U.S. ends inquiry on Google's Street View cars 27 Oct 2010 Tea Party-backed Republicans spur party switches 28 Oct 2010 Discussed 261 Wall St reform architect Frank fights for survival 96 Republicans poised to win House and gain in Senate 58 Tea Party-backed Republicans spur party switches Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Russian spy poses for Maxim Tue, Oct 19 2010 Mexico's 20-yr old police chief Thu, Oct 21 2010 Brazil steps toward post-Lula era with Rousseff Tweet This Share on LinkedIn Share on Facebook By Stuart Grudgings SAO PAULO (Reuters) - Brazil's president-elect Dilma Rousseff vowed to step up the fight against poverty without forfeiting economic stability in Latin America's largest nation when she takes over from her charismatic former boss... Factboxes Brazilian president-elect's economic proposals Sun, Oct 31 2010 Possible members of Rousseff cabinet in Brazil Sun, Oct 31 2010 Related News Instant View: Rousseff wins Brazil presidential election Sun, Oct 31 2010 Exclusive: Brazil opposition leader will seek economic reforms 1:29am EDT Analysis: Brazil's Rousseff faces fiscal and currency challenges 2:54am EDT Snap Analysis: Big win gives Brazil's Rousseff solid mandate Sun, Oct 31 2010 Analysis & Opinion Brazil’s Rousseff survives abortion row, looks set to win presidency How U.S. consultants changed the face of world politics Related Topics World » Brazil » Related Video Woman wins Brazilian election Sun, Oct 31 2010 Presidential polls open in Brazil 1 / 3 Brazil's presidential-elect Dilma Rousseff gestures during a speech in Brasilia October 31, 2010. Credit: Reuters/Bruno Domingos By Stuart Grudgings SAO PAULO | Mon Nov 1, 2010 2:54am EDT SAO PAULO (Reuters) - Brazil's president-elect Dilma Rousseff vowed to step up the fight against poverty without forfeiting economic stability in Latin America's largest nation when she takes over from her charismatic former boss on Jan 1. Rousseff, who based her campaign on extending the legacy of outgoing President Luiz Inacio Lula da Silva, convincingly won her first election on Sunday as Brazilians put aside doubts over her character and voted for continued economic success. The career civil servant must now form her transition team and cabinet as she emerges from the long shadow of Lula and prepares to govern the South American powerhouse as it faces challenges to its prosperity, including a painfully strong currency that is punishing exporters. In a sign of the changing of the guard, Lula laid low after Rousseff's victory on Sunday, leaving her to bask in the moment she became the first woman elected to lead Brazil. Rousseff, 62, paid homage to Lula in her victory speech, pledging to extend what she dubbed a "new era of prosperity." She also set out twin goals for her rule -- eradicating poverty while maintaining Brazil's hard-won economic stability. "We cannot rest while there are Brazilians who are hungry, while there are families living on the street, while poor children are abandoned to their fate," the former leftist militant told cheering supporters in the capital Brasilia. Rousseff, who will be sworn in on January 1, handily won Sunday's runoff election with 56 percent of the vote. Her rival, Jose Serra of the centrist PSDB party, took 44 percent. Rousseff has yet to win the affection that Brazilians have for former metalworker Lula. But she ran a solid campaign in which she trumpeted Lula's achievements and faced down corruption allegations and questions over her religious faith. "It's historic. Brazil elected a factory worker and now a woman. Dilma will be a mother for the Brazilian people," said Ivoni Klock, a government worker who celebrated in Brasilia. BARRIERS TO SUCCESS Despite pledging not to cut social or infrastructure spending, Rousseff went out of her way in her victory speech to stress her commitment to responsible economic policies and promised Brazil's government would not live beyond its means. She was flanked by Wall Street darling Antonio Palocci, a former finance minister under Lula who is expected to be handed a top post by Rousseff and who may be put in charge of managing her transition team. Financial markets have taken Rousseff's rise to the presidency in stride and are likely to react calmly on Monday. In the long term, though, investors worry that Brazil could suffer from Rousseff's insistence that the economy does not need major reforms to keep growing at a robust pace. "We expect a continuation of the decent economic policies carried out by Lula, but unfortunately there seems to be no room for the structural reforms that Brazil needs to optimize public spending," said Alberto Bernal, head of research at Bulltick Capital Markets. Rousseff will inherit an economy that is among the world's hottest emerging markets but which may struggle to maintain such lofty growth rates as it runs up against barriers such as its poor infrastructure and suffocating bureaucracy. 1 2 Next World Brazil Comments See All Comments (1)  |  Post Comment Oct 31, 2010 11:31pm EDT “Former guerrila leader”??? That’s not true at all! Reuters should checks their facts – although she was a member of a urban guerrila group during the military regime, nobody has ever acuse her of being a leader. She was only a lower operative. Diogo Report As Abusive       See All Comments (1)       Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.   © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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