Tag: Lula

World News

A Coup Foretold: Brazil Confronts the Depths of a Plot to Kill Lula

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Brazil’s federal police have uncovered an alleged plot involving military officers to assassinate President-elect Luiz Inácio Lula da Silva, Vice President-elect Geraldo Alckmin, and Supreme Court Justice Alexandre de Moraes in December 2022. The plan, referred to as “Green and Yellow Dagger,” proposed replacing the elected government with a military-led administration. Several suspects with Special Forces backgrounds have been arrested. Meanwhile, former President Jair Bolsonaro is under investigation by the Supreme Court in connection with a wider probe into anti-democratic actions following the 2022 election.

World News

Galípolo’s appointment and the political stakes of Central Bank autonomy in Brazil

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Amid growing debates about Brazil’s economic policy, President Luiz Inácio Lula da Silva has indicated to his allies that he does not intend to make public demands on economist Gabriel Galípolo, his nominee to take over as president of the Central Bank from January 2025. This position shows a change in the relationship between Lula and the Central Bank. It is worth remembering that this is Lula’s first appointment after the institution gained operational autonomy in 2021. Galípolo’s appointment and tacit support for stricter interest rate policies raise questions about why Lula, historically critical of the Central Bank’s autonomy, is now adopting a more open and moderate stance.