By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Milei to meet Bolsonaro in Brazil amid feud with Lula
News

Milei to meet Bolsonaro in Brazil amid feud with Lula

News Room
Last updated: 2024/07/06 at 1:11 PM
By News Room
Share
5 Min Read
SHARE

Stay informed with free updates

Simply sign up to the Americas politics & policy myFT Digest — delivered directly to your inbox.

A feud between Javier Milei and Luiz Inácio Lula da Silva is threatening to become a diplomatic crisis as the Argentine leader uses his first official visit to Brazil to meet not the Brazilian president, but his far-right predecessor, Jair Bolsonaro.

The expected snub as Milei heads to Brazil on Saturday comes days before a summit of the heads of nations in the South American trade bloc Mercosur, which Milei has said he will not attend. Aides close to the Argentine president say he wants to avoid meeting Lula.

Milei is set to meet Bolsonaro this weekend at a conservative political conference in Brazil’s southern state of Santa Catarina, at which both are due to speak.

The libertarian Milei and socialist Lula have not had an official meeting since the Argentine president took office six months ago, despite the economic ties between South America’s two largest nations. Brazil is Argentina’s largest trading partner, accounting for almost 18 per cent of its total exports.

The diplomatic stand-off marks the escalation of a personal feud between the two men, which was reignited when Lula last week demanded an apology from Milei for calling the Brazilian leader “corrupt” and “communist”.

The outspoken Milei refused to apologise and then referred to Lula in a social media post entitled “idiot dinosaur”.

Political analysts say the impact of the spat will be felt by the Mercosur bloc, which has appeared rudderless in recent months after failing to close a long-awaited and much-vaunted trade deal with the EU.

“Mercosur is a bloc with very low institutionalisation, heavily dependent on presidential diplomacy. Milei’s decision not to attend [the summit] is, of course, a political snub rooted in the enmity between the two presidents,” said Marcelo Elizondo, president of the International Chamber of Commerce in Argentina.

“The truth is that Mercosur has been in a slow crisis for a long time, and Milei’s absence simply highlights its critical situation.”

Federico Merke, a political scientist at the University of San Andrés in Buenos Aires, said that Milei had long been critical of Mercosur and viewed the bloc as an obstacle to unilaterally opening up Argentina’s trade.

“Added to this is Milei’s general disinterest in strengthening ties with neighbouring countries,” he said.

“When you factor in the ideological distance between Lula and Milei, it’s likely that [Milei] thinks his support base would be happier seeing him alongside Jair Bolsonaro than with Lula.”

Bolsonaro — who served as Brazilian leader from 2019 to 2022 and who is accused by police of plotting a coup to stay in power following his election defeat to Lula — attended Milei’s inauguration in Buenos Aires earlier this year.

Relations between Brasília and Buenos Aires have also been complicated by the arrival in Argentina of scores of Brazilians who took part in violent anti-government riots in the Brazilian capital in January last year. The Brazilian government and Supreme Court have called the mob action an “attempted coup”.

Many of the rioters are seeking asylum in Argentina to avoid prosecution in Brazil, but their status has not yet been determined by Buenos Aires.

Gilberto Ackermann, an insurance broker who was arrested after storming Brazil’s presidential palace, told the Financial Times this week: “I can’t go back to jail. I’m 50 years old. If I go back to jail with a 16-year sentence, I’ll die there . . . [I] didn’t break anything [in the riot].”

He later cut off his ankle monitor and fled to Argentina.

Merke, the political scientist, said he believed Argentina would not rush to address the asylum situation and “will let Brazil handle the requests and co-ordinate with Interpol”.

“[But] my sense is that Argentina will not present obstacles if there are extradition requests,” he said.

Read the full article here

News Room July 6, 2024 July 6, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Trump’s immigration data dragnet

“I’ve seen the apps and I don’t like them,” says a DHS…

EU companies say ‘undervalued’ renminbi aiding China’s exporters

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Tesla profits fall, oil prices surge as US imposes sanctions on Russian oil

Watch full video on YouTube

Want To ‘Invest’ In OpenAI or SpaceX? What To Know About Tokenization

Watch full video on YouTube

GE Vernova Inc. (GEV) Discusses Financial Guidance, Multiyear Outlook, and Industry Growth Drivers Transcript

Operator Please welcome to the stage Vice President of Investor Relations, Michael…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Trump’s immigration data dragnet

By News Room
News

EU companies say ‘undervalued’ renminbi aiding China’s exporters

By News Room
News

GE Vernova Inc. (GEV) Discusses Financial Guidance, Multiyear Outlook, and Industry Growth Drivers Transcript

By News Room
News

Ukraine strikes deal to restructure $2.6bn of growth-linked debt

By News Room
News

Boaz Weinstein’s $2bn flagship hedge fund sinks amid buoyant markets

By News Room
News

The power crunch threatening America’s AI ambitions

By News Room
News

REX American Resources Corporation 2026 Q3 – Results – Earnings Call Presentation (NYSE:REX) 2025-12-05

By News Room
News

Aurubis AG (AIAGY) Q4 2025 Earnings Call Transcript

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?