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Lula da Silva on the run ready o accept position in cabinet; markets and Real collapse on the news

Wednesday, March 16th 2016 - 06:36 UTC
Full article 18 comments

Brazil's ex-president Lula da Silva will accept a position in his successor's cabinet, according to a leading national newspaper, in order to protect himself from prosecution in a corruption case involving the state-run oil company, Petrobras. Rio-based O Globo newspaper reported on Tuesday that Lula had told several close advisers that he would rejoin the cabinet, citing no sources. Brazilian markets and currency collapsed on the news. Read full article

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