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Former Brazilian President Collor Apologizes for Seizing Savings 30 Years Later

RIO DE JANEIRO, BRAZIL - Former President Fernando Collor de Mello apologized on Monday, May 18th, for seizing balances from savings accounts and current accounts in March 1990. On Twitter, the now-senator said he believed that radical measures could contain inflation.

The apology comes over 30 years after the announcement of the Collor 1 Plan on March 16th, 1990. "I believed those radical measures were the right way forward. Unfortunately, I was wrong. I would like to apologize to all those people who have been hurt by the blocking of their assets," he wrote.

Collor said his team's central . . .

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