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BRAZIL: VP Alckmin Assumes Presidential Duties w/Lula In ICU

BRAZIL
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The office of the Brazilian presidency has confirmed that Vice President Geraldo Alckmin will take on the duties of the presidency while President Luiz Inacio Lula da Silva recovers from brain surgery. This will see Alckmin return to Brasilia to host visiting Slovakian PM Robert Fico. As noted earlier (see 'BRAZIL: Lula Admitted To ICU After Brain Surgery', 0828GMT) the 79-year-old president underwent emergency surgery after suffering headaches on 9 Dec that turned out to be a small brain haemorrhage. 

  • As Bloomberg notes, "Lula has been busy discussing a package of spending cuts needed to appease investors who are worried about the deterioration of the country’s finances. After much resistance by Lula, the plan proposed by Finance Minister Fernando Haddad was submitted to Congress, though it failed to boost financial market sentiment."
  • Since 2022 sitting as part of the centre-left Brazilian Socialist Party (PSB), Alckmin has served as VP and Minister of Development, Industry, Trade and Services since Lula returned to power in 2023. Prior to this, he served as Governor of Sao Paulo from 2001-06 and 2011-18.
  • Lula remains one of the only figures with the political cache able to unite the various disparate parties of the centre and left that back the administration. A statement from Lula's hospital said that his surgery went well, but there is no timeline yet for his recovery. 
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The office of the Brazilian presidency has confirmed that Vice President Geraldo Alckmin will take on the duties of the presidency while President Luiz Inacio Lula da Silva recovers from brain surgery. This will see Alckmin return to Brasilia to host visiting Slovakian PM Robert Fico. As noted earlier (see 'BRAZIL: Lula Admitted To ICU After Brain Surgery', 0828GMT) the 79-year-old president underwent emergency surgery after suffering headaches on 9 Dec that turned out to be a small brain haemorrhage. 

  • As Bloomberg notes, "Lula has been busy discussing a package of spending cuts needed to appease investors who are worried about the deterioration of the country’s finances. After much resistance by Lula, the plan proposed by Finance Minister Fernando Haddad was submitted to Congress, though it failed to boost financial market sentiment."
  • Since 2022 sitting as part of the centre-left Brazilian Socialist Party (PSB), Alckmin has served as VP and Minister of Development, Industry, Trade and Services since Lula returned to power in 2023. Prior to this, he served as Governor of Sao Paulo from 2001-06 and 2011-18.
  • Lula remains one of the only figures with the political cache able to unite the various disparate parties of the centre and left that back the administration. A statement from Lula's hospital said that his surgery went well, but there is no timeline yet for his recovery.