IBOV 177,111.98 ▲ 2.18% IPSA 11,000.25 ▲ 0.42% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,367,917 ▲ 2.62% COLCAP 2,305.03 ▲ 0.16% BVL PERÚ 57,575.02 — — USD/BRL5.06▼ 0.33% USD/MXN17.40▼ 0.09% USD/CLP936.35▲ 0.07% USD/COP3,205▼ 1.57% USD/PEN3.40▲ 0.08% USD/ARS1,482▲ 0.30% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.10▼ 0.17% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.33▲ 0.25% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.91% BRENT 94.27 ▲ 3.58% WTI 86.87 ▲ 2.31% IRON ORE 161.91 — — COPPER 6.48 ▼ 0.45% GOLD 4,140 ▲ 1.69% SILVER 60.19 ▲ 2.30% SOY 1,238 ▲ 1.54% CORN 484.25 ▲ 6.96% WHEAT 706.25 ▲ 4.17% COFFEE 318.05 ▼ 4.19% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.36 ▲ 3.04% COCOA 5,353 ▼ 4.53% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.01 ▼ 0.10% PETR4 42.48 ▲ 1.97% VALE3 75.03 ▲ 3.86% ITUB4 42.87 ▲ 0.80% BBDC4 18.92 ▲ 1.99% ABEV3 16.10 ▲ 1.90% BBAS3 21.07 ▲ 0.91% B3SA3 15.82 ▲ 4.28% WEGE3 46.53 ▲ 9.56% PRIO3 59.85 ▲ 2.87% SUZB3 42.47 ▲ 2.02% RENT3 37.25 ▲ 1.92% AZZA3 17.56 ▲ 0.46% CSAN3 3.94 ▲ 4.23% RAIZ4 0.27 — 0.00% PCAR3 2.72 ▼ 0.37% GMAT3 3.90 ▲ 1.83% PSSA3 55.43 ▲ 3.65% CVCB3 1.29 ▲ 15.18% POSI3 3.72 ▲ 1.09% SLCE3 13.89 ▲ 1.02% NATU3 8.73 ▲ 0.23% BRKM5 6.02 ▲ 5.43% RANI3 8.02 ▲ 1.65% CSNA3 5.40 ▲ 6.72% CMIN3 5.88 ▲ 5.38% USIM5 8.67 ▲ 2.48% GGBR4 23.82 ▲ 1.40% ENEV3 25.98 ▲ 2.20% CPFE3 46.54 ▲ 0.30% CMIG4 11.20 ▲ 1.63% EQTL3 39.54 ▲ 1.83% LREN3 13.48 ▲ 1.58% VIVT3 35.40 ▼ 1.12% RAIL3 13.59 ▲ 2.64% KLABIN 17.94 ▲ 1.99% RAIA DROGASIL 18.40 ▲ 1.49% RDOR3 34.54 ▲ 1.83% HAPV3 11.51 ▲ 2.40% FLRY3 16.63 ▲ 0.48% SMTO3 16.09 ▲ 3.27% UGPA3 32.77 ▲ 2.99% VBBR3 34.80 ▲ 2.50% BBSE3 42.77 ▲ 2.94% BPAC11 57.21 ▲ 3.32% CURY3 30.21 ▲ 0.87% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.91 ▲ 1.92% VAMOS 3.22 ▲ 4.21% SANB11 26.81 ▼ 1.47% ASAI3 8.39 ▲ 1.70% SBSP3 29.40 ▲ 2.80% WALMEX 48.59 ▼ 1.14% GMEXICO 214.93 ▲ 2.85% FEMSA 227.59 ▲ 0.37% 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1.69% SILVER 60.19 ▲ 2.30% SOY 1,238 ▲ 1.54% CORN 484.25 ▲ 6.96% WHEAT 706.25 ▲ 4.17% COFFEE 318.05 ▼ 4.19% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.36 ▲ 3.04% COCOA 5,353 ▼ 4.53% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.01 ▼ 0.10% PETR4 42.48 ▲ 1.97% VALE3 75.03 ▲ 3.86% ITUB4 42.87 ▲ 0.80% BBDC4 18.92 ▲ 1.99% ABEV3 16.10 ▲ 1.90% BBAS3 21.07 ▲ 0.91% B3SA3 15.82 ▲ 4.28% WEGE3 46.53 ▲ 9.56% PRIO3 59.85 ▲ 2.87% SUZB3 42.47 ▲ 2.02% RENT3 37.25 ▲ 1.92% AZZA3 17.56 ▲ 0.46% CSAN3 3.94 ▲ 4.23% RAIZ4 0.27 — 0.00% PCAR3 2.72 ▼ 0.37% GMAT3 3.90 ▲ 1.83% PSSA3 55.43 ▲ 3.65% CVCB3 1.29 ▲ 15.18% POSI3 3.72 ▲ 1.09% SLCE3 13.89 ▲ 1.02% NATU3 8.73 ▲ 0.23% BRKM5 6.02 ▲ 5.43% RANI3 8.02 ▲ 1.65% CSNA3 5.40 ▲ 6.72% CMIN3 5.88 ▲ 5.38% USIM5 8.67 ▲ 2.48% GGBR4 23.82 ▲ 1.40% ENEV3 25.98 ▲ 2.20% CPFE3 46.54 ▲ 0.30% CMIG4 11.20 ▲ 1.63% EQTL3 39.54 ▲ 1.83% LREN3 13.48 ▲ 1.58% VIVT3 35.40 ▼ 1.12% RAIL3 13.59 ▲ 2.64% KLABIN 17.94 ▲ 1.99% RAIA DROGASIL 18.40 ▲ 1.49% RDOR3 34.54 ▲ 1.83% HAPV3 11.51 ▲ 2.40% FLRY3 16.63 ▲ 0.48% SMTO3 16.09 ▲ 3.27% UGPA3 32.77 ▲ 2.99% VBBR3 34.80 ▲ 2.50% BBSE3 42.77 ▲ 2.94% BPAC11 57.21 ▲ 3.32% CURY3 30.21 ▲ 0.87% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.91 ▲ 1.92% VAMOS 3.22 ▲ 4.21% SANB11 26.81 ▼ 1.47% ASAI3 8.39 ▲ 1.70% SBSP3 29.40 ▲ 2.80% WALMEX 48.59 ▼ 1.14% GMEXICO 214.93 ▲ 2.85% FEMSA 227.59 ▲ 0.37% CEMEX 22.17 ▲ 0.45% GFNORTE 190.98 ▲ 2.79% BIMBO 60.24 ▲ 1.43% TELEVISA 9.83 ▲ 0.72% AMX 22.65 ▼ 0.48% GAP 376.26 ▼ 0.60% ASUR 271.95 ▼ 1.09% OMA 229.07 ▲ 1.24% KOF 182.98 ▲ 1.39% GRUMA 279.69 ▼ 1.03% KIMBER 38.95 ▲ 1.43% SQM-B 65,182 ▲ 0.99% COPEC 6,540 ▲ 1.40% BSANTANDER 79.71 ▲ 0.89% FALABELLA 6,011 ▲ 1.55% ENELAM 84.43 ▼ 0.12% CENCOSUD 2,012 ▼ 0.81% CMPC 1,075 ▼ 0.84% BANCO CHILE 193.21 ▲ 1.68% LATAM AIR 24.01 ▼ 0.79% YPF 82,450 ▲ 2.26% GGAL 8,275 ▲ 3.89% PAMPA 5,635 ▲ 2.92% TXAR 668.50 ▼ 1.55% ALUAR 970.00 ▼ 0.31% TGS 9,895 ▲ 1.91% CEPU 2,405 ▲ 2.78% MIRGOR 16,950 ▲ 1.04% COME 43.21 ▲ 0.79% LOMA NEGRA 3,855 ▲ 6.93% BYMA 294.50 ▲ 0.77% TELECOM ARG 4,403 ▲ 3.47% ECOPETROL 16.75 ▲ 1.33% BANCOLOMBIA 84.87 ▲ 1.47% GRUPO AVAL 5.00 ▼ 1.74% CREDICORP 389.65 ▼ 0.37% SOUTHERN COPPER 194.22 ▲ 3.30% BUENAVENTURA 32.05 ▲ 2.56% MERCADOLIBRE 1,803 ▼ 1.07% NUBANK 14.45 ▲ 0.38% XP 17.24 ▲ 2.28% PAGSEGURO 9.66 ▲ 0.84% STONE 11.30 ▲ 0.36% GLOBANT 30.81 ▼ 4.02% TECNOGLASS 44.99 ▼ 0.35% GAP AIRPORT 216.37 ▼ 0.60% ASUR 271.95 ▼ 1.09% OMA AIRPORT 105.17 ▲ 0.90% AMX ADR 26.02 ▼ 0.27% FEMSA ADR 130.75 ▲ 0.31% CEMEX ADR 12.73 ▲ 0.20% PETROBRAS ADR 18.94 ▲ 2.16% VALE ADR 14.82 ▲ 3.96% ITAU ADR 8.46 ▲ 0.71% SANTANDER BR 5.43 ▲ 0.37% AMBEV ADR 3.16 ▲ 1.45% CSN 1.08 ▲ 8.00% GERDAU 4.72 ▲ 1.72% LATAM ADR 51.12 ▼ 0.87% BTC 65,865 ▼ 0.96% ETH 1,926 ▼ 0.15% SOL 77.56 ▼ 0.70% XRP 1.14 ▼ 0.33% BNB 569.42 ▼ 0.73% ADA 0.17 ▲ 0.78% DOGE 0.07 ▼ 1.11% AVAX 6.59 ▲ 0.44% LINK 8.61 ▼ 0.46% DOT 0.84 ▼ 0.57% LTC 47.17 ▲ 0.76% BCH 219.15 ▼ 2.03% TRX 0.33 ▼ 0.36% XLM 0.19 ▼ 2.33% HBAR 0.07 ▲ 3.18% NEAR 1.87 ▼ 3.67% ATOM 1.46 ▼ 1.35% AAVE 97.85 ▲ 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Wednesday, July 22, 2026

Financial Times Says Bolsonaro Sparks Fears for Brazilian Democracy

By · June 8, 2020 · 3 min read

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RIO DE JANEIRO, BRAZIL – The British newspaper Financial Times published an editorial on Sunday entitled “Jair Bolsonaro sparks fears for Brazilian democracy”. In the text, the newspaper mentions the Brazilian President’s close ties with the Army and his endorsement of demonstrations calling for the return of the military dictatorship, reports the recent clashes of the Executive with institutions in the country and alerts to the “real” risk to the largest democracy in Latin America.

At the end of the article, the Financial Times says Brazilians are now concerned that Bolsonaro may be attempting to provoke a crisis between the executive, the legislature, and the judiciary to justify military intervention.
At the end of the article, the Financial Times says Brazilians are now concerned that Bolsonaro may be attempting to provoke a crisis between the executive, the legislature, and the judiciary to justify military intervention. (Photo: internet reproduction)
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The FT recalls the similarities of Trump and Bolsonaro, known as “Tropical Trump”, but stresses the possibility of the Brazilian “undermining” institutions. According to the FT, Trump and Bolsonaro are nationalists who “profess a love of God and guns,” a penchant for government via Twitter tirade and a fondness for energizing their base with divisive rhetoric.

“But in Brazil, there is a more disturbing possibility: that an increasingly embattled Mr. Bolsonaro is disillusioned with the democratic process by which he won office and wants to undermine the institutions that underpin the nation,” the newspaper warns.

The British newspaper recalled that the Federal Supreme Court (STF) Justice Celso de Mello warned his peers last weekend that Brazil looked like Nazi Germany. “That might sound exaggerated. But few elected presidents would contemplate attending a rally at which demonstrators call for congress and the supreme court to be shut down and replaced with military rule,” the FT says in the editorial.

“Yet that is what Mr. Bolsonaro has done — not once, but several times. Last weekend he appeared at such a rally on horseback; on other occasions, his supporters have carried flaming torches and worn paramilitary uniforms. His culture minister was forced to resign after quoting the Nazi Joseph Goebbels.”

According to the Financial Times, after a military dictatorship that lasted over 20 years, leaving the country in “economic chaos and spiraling foreign debt,” as well as “deep scars of the persecution and murder of hundreds of political opponents,” democracy in Latin America’s largest nation has made “great progress”.

The FT cites, for example, the 1988 Constitution, the removal of the military from power, and the emergence of new civil institutions such as the STF, Congress, and “a vibrant and independent” press. “These institutions now attract Bolsonaro’s ire,” the British newspaper says, referring to the investigation into an alleged fake news operation involving his sons and the request to seize Bolsonaro’s cell phone amid investigations into interference with the autonomy of the Federal Police.

At the end of the article, the Financial Times says Brazilians are now concerned that Bolsonaro may be attempting to provoke a crisis between the executive, the legislature, and the judiciary to justify military intervention. The attempt would occur, says the FT, amid falling poll ratings and mounting problems with the coronavirus pandemic, low expectations regarding the implementation of economic reforms, and capital flight.

“So far, Brazil’s institutions have withstood the onslaught, with strong public support. It is unlikely the army would back a military takeover to install Mr Bolsonaro as an autocrat. But other countries should take note: the risks to Latin America’s largest democracy are real, and they are growing.”

Source: Estadão Conteúdo

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