Fernando Collor de Mello Guide, Meaning , Facts, Information and Description
Fernando Affonso Collor de Mello (born August 12, 1949) was president of Brazil from 1990 to 1992.In 1989 he defeated Luiz Inácio Lula da Silva in a very close presidential race. The first democratically elected president of Brazil in 29 years, Collor spent the early years of his government battling inflation, which at times reached rates of 25% per month. His measures against inflation were very radical: he confiscated all the population's savings: "no money, no inflation" was his motto. It was not successful.
In 1992, Collor was accused by his brother Pedro of corruption, leading to investigations by both congress and the press. The crescendo of evidence of bribery and misappropriation of state funds led to popular demonstrations and civil disorder across the main cities of Brazil. In October, the congress voted to suspend him. While an impeachment process was ongoing in the senate, Collor resigned on December 29, 1992.
He was succeeded by his vice president, Itamar Franco. In December 1994, he was acquitted of the corruption charges by the Brazilian supreme court, but he remained barred from public office for 8 years.
He tried to run for mayor in São Paulo, but he was not successful. Most of the population still identifies him with corruption. In 2002, he ran for governor in his home state, Alagoas, but he lost again. His political future was uncertain by 2003.
| Preceded by: José Sarney | President of Brazil | Succeeded by: Itamar Franco |
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