Scandoil  

Ecologist Marina Silva attracting investors support including from Brazil's largest bank


Published Sep 13, 2014
Brazil's largest private bank Itaú has declared its support for her
Brazil presidential candidate Marina Siva

Ecologist Marina Silva attracting investors support in Brazilian Presidential race By Peter Howard Wertheim

Investors are warming up to a possible victory by Marina Silva in Brazil's presidential election as the popular environmentalist emerges as their best shot at avoiding four more years of a government they strongly dislike.

One of Marina Silva's closest aides is Ms.Neca Setubal, heiress to Banco Itau, Brazil's largest private bank. In her platform Marina advocates an independent Central Bank which enrages the PT party of the government.

Disdain for President Dilma Rousseff's leftist policies runs so deep in Brazilian financial markets that one comment making the rounds there says: "Marina is like Russian roulette, but Dilma is like a fully-loaded revolver."

It captures the mistrust that many investors feel toward Silva, whose history of volatile decisions, lack of executive experience and emphasis on eco-friendly policies, have all raised red flags.

But a recent rally in Brazilian assets suggests that, at least for now, investors are looking past their misgivings.

Peter Howard Wertheim is a Scandoil staff writer based in Rio de Janeiro, Brazil. He can be reached at peterhw@frionline.com.br




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml