Brazilian elections will likely feature two competent, slightly dull bureaucrats. However, behind workaday exteriors lie tough personalities with ruthless political instincts.
Investors tend to see Brazils elections the first round of which are slated for October 3 as offering continuity not change. Both likely candidates are from the center left and have many policy similarities. However, elections will not be a non-event, says Rafael Cortez, political scientist at São Paulo-based consultancy Tendências. They are likely to be closely fought and the outcome is unpredictable, he notes.
Dilma Rousseff, frontrunner for the Workers Party (PT), has earned a reputation for toughness reducing grown men including the boss of Petrobras José Sergio Gabrielli to tears, according to local media. José Serra, likely candidate for the centrist Brazilian Social Democracy Party (PSDB) party, is known as the kind of tough negotiator who gets what he wants.
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