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Brazil's Lula to revoke privatizations through referendums
Mauricio Savarese, Associated Press
Updated 4:33 pm CDT, Friday, July 27, 2018
SAO PAULO (AP) — Brazil's jailed former President Luiz Inacio Lula da Silva pledged on Friday to block or undo privatizations if he is returned to the office he held from 2003 to 2010.
Da Silva will likely be barred from running for the presidency again by Brazil's electoral court, but his statements are seen as the program of his left-leaning Workers' Party ahead of October's elections.
In an article published in the newspaper Correio Braziliense, da Silva said he would reverse the ongoing process to privatize state-run energy company Eletrobras. He also criticized politicians who contend that oil giant Petrobras needs to be sold.
Unpopular President Michel Temer has pushed forward with plans to sell Eletrobras and several members of his administration believe Petrobras should be privatized.
More:
https://www.chron.com/news/world/article/Brazil-s-Lula-to-revoke-privatizations-through-13111647.php