Summer break in Brussels is not the same without a YPFP Policy Picnic!
Join us Wednesday, August 1st, at 18:30 in Parc Léopold (in front of the entrance to the European House of History) to talk about the upcoming Brazilian elections and its repercussions worldwide. Bring a friend, drinks, some food to share and let’s enjoy a nice evening together.
During the early 2000s Brazil experienced a decade-long economic boom and the largest expansion of the middle classes in the history of Brazilian democracy. But hopes of leveraging the country's wealth and vast natural resources to transform it into a stable and influential power fell short when economic recession and rising violence hit hard - as well as the largest corruption scheme ever (globally, or in Latin America?) uncovered, the so-called “Lava Jato” or "car wash”. It is currently estimated that around 90 billion reais (20 billion EUR) of public funds vanished into politicians' private pockets.
The upcoming election in October will see Lula, Brazil's president from 2003-2010 and still an immensely popular figure, campaigning from inside a jail cell, having been found guilty of corruption and money-laundering. His conviction, which he insists was politically motivated, will almost certainly disqualify him from being elected. Second to him in the polls is the far right-leaning former army officer Jair Bolsonaro, who has expressed support for military intervention in democratic regimes. The populist rhetoric of his campaign builds upon widespread disenchantment with Brazil's political establishment.
In this extremely polarised scenario, the urgent political and economic reform that Brazil needs is almost certain to lose out.
Google map and directions