Lula Ignores Aides and Sparks Market Rout That Threatens Economy
(Bloomberg) -- The dangers were crystal clear. Top economic aides to President Luiz Inacio Lula da Silva had pointed them out to him again and again: Any moves to water down the fiscal-austerity plan in the works will spark a selloff — another selloff — across Brazilian financial markets.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionAnd yet, Lula decided he did not care. He ordered his staff to