Sao Paulo It is the elite of São Paulo who gather shortly before the run-off elections in a villa in the Brazilian economic metropolis. The atmosphere is tense, you can feel: there is a lot at stake – it is about the future of the country. Next Sunday, voters will have to choose between incumbent President Jair Bolsonaro and ex-President Luíz Inácio Lula da Silva.
Candido Bracher, President of Banco Itaú until 2022, the largest private bank in Latin America, invited guests. Entrepreneurs, bankers, CEOs, but also economists and ex-ministers have come. Some billionaires are among them, few foreign business representatives.
Many fear that President Bolsonaro could abolish democracy in a second term. And Lula disappointed many because there was massive corruption under him.
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