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Fernando Henrique Cardoso

( President of Brazil since 1995.)

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Biography Fernando Henrique Cardoso
photo Fernando Henrique Cardoso
born June 18, 1931 in Rio de Janeiro. Shortly after the military took control of the government in Brazil in 1964, Cardoso left the country. He returned only after 4 years. His political career, Cardoso began in 1986, when he received a Senate seat from the state of Sao Paulo, he gained a reputation as a centrist, seeking a compromise.

. In 1988, Cardoso was a member of the center-left Party of Brazilian sotsil-democracy, which fully supported the government
. In 1992, . once against President Collor de Mello was initiated impeachment proceedings based on allegations of corruption and came to power Itamar Franco, . Cardoso left the office of Senator, and entered the government as Minister of Foreign Affairs.,

. In May 1993, Cardoso allowed himself to develop a plan of economic reforms as finance minister - the fourth in 13 months
. He oversaw the complex political negotiations that resulted was the creation of the Plan Real, anti-inflationary package of measures, including the introduction of new currency - reals. In March 1994, Cardoso announced his desire to run for president and resigned as finance minister.

. Inflation was kept at 45%, but after the Real Plan came into force on July 1, Cardoso has lagged behind his nearest opponent by 20 points
. In September, inflation fell to 2%, and Cardoso's popularity has risen sharply. However, some observers suspected that the business community kept prices low, to support the campaign Henrique Cardoso, who after the election was to hold a painful restructuring of the financial structure of the country.

. Throughout his campaign, Cardoso stated that, . that after the election the economy will gradually be freed from state regulation, . Government will do everything to facilitate the flow of foreign investment, . more rapid privatization of state companies and large-scale financing of education systems and social security,


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Fernando Henrique Cardoso, photo, biography
Fernando Henrique Cardoso, photo, biography Fernando Henrique Cardoso  President of Brazil since 1995., photo, biography
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