Arminio Fraga is bound to win the Oct 26 round. Votes will be for Aécio Neves, but Fraga is the one behind the choice for most citizens that declare such preference.
Do they make 51% of all the valid votes? So say the polls, but that is incredibly hard to accept. And will be impossible to atest - electronic voting in Brazil that does allow recounting or verification. And even selfies showing the choice of a citizen can be punished with jail.
Folha de S.Paulo yesteday print edition showed an image of Fraga bigger than any of Kate Middleton in any cover ever. The title: The return of... Yes, it indicates it is certain: Arminio Fraga, former Central Bank boss, will take over.
Taking the place of Guido Mantega, however, also means a lousy business: Fraga will have to breach the contract whereby his Investment company, Gavea, was sold to J P Morgan in 2010. He has declared to Folha de S.Paulo that 'the cause is bigger than that', which sounds strange when coming from such an acclaimed market player.
The breach: the deal had Fraga leading Gavea till next year. As minister, he will have to step down before that term. The newspaper (Folha) does not estimate the amount Fraga will have to abdicate.
Sure thing, the tremendous exposure of the economist that has worked for George Soros is hardly in line with the greatness of the cause Fraga elusively refers to. There is instead a worldwide, worldly hunger for a good investment harbor that sees in Fraga a rare flagship these days.
In a nutshell, Arminio Fraga in-chief means, 'Lost investors round the world, get finally united... in Brazil!
