BRASILIA (Reuters) – The centrist Brazilian Social Democracy Party, or PSDB, elected four-time Sao Paulo Governor Geraldo Alckmin as its leader on Saturday, making him its most likely presidential nominee in next year’s elections.
Alckmin threw the party’s weight behind a social security overhaul that is currently before Congress and would cut generous pensions for public-sector employees.
Pension - Reform - Classes - Citizens - Convention
“Pension reform is necessary so that we do not have two classes of Brazilian citizens,” he told the convention, which elected him by a 470-3 vote.
Alckmin said former leftist president Luiz Inacio Lula da Silva, a likely rival in the 2018 race, had led Brazil into its worst recession and biggest corruption scandal.
Lula - Scene - Crime - Supporters - Polls
“Lula wants to return to the scene of the crime,” he told cheering supporters. “Be sure, we will defeat him at the polls.”
Alckmin was picked to unite a divided party, with both supporters and opponents of Brazil’s unpopular President Michel Temer. He plans to complete the PSDB’s withdrawal from the governing coalition.
Alckmin - PSDB - Temer - Pension - Proposal
But Alckmin made it clear the PSDB would back Temer’s pension proposal, which investors consider crucial for closing a huge budget deficit that cost Latin America’s largest economy its investment-grade credit rating.
With elections less than a...
Wake Up To Breaking News!