March 22, 2021
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3:23Now PlayingBrazil’s political landscape was upended by the decision of a Supreme Court justice March 8 effectively tossing out the criminal convictions of former President Luiz Inacio Lula da Silva. The ruling gives the leftist leader widely known as Lula a chance to run again for president in the 2022 election against the incumbent Jair Bolsonaro, a right-winger. The judge’s move surprised his peers on the top court and even Lula himself, according to local media. The news initially sent stocks and the currency plummeting on fears that campaigning for next year’s vote may start earlier than expected, distracting lawmakers and potentially derailing the approval of investor-friendly reforms.
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