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| Who is Who Page 1 of 1 | Related links | |||||
| FHC (Fernando Henrique Cardoso) |
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Jun 18, 1931 Rio de Janeiro | Sociology professor who was president from 1995-2002 on the wave of his successful Plano Real. FHC started his political career in the left wing student movement in Sao Paolo in the late 50s and early 60s. After the military coup, he fled Brazil. In exile he gained fame as a leftist intellectual and sociologist. In 1973 he returned to Brazil and entered the oppostion party MDB (later PMDB ). During the last years of military rule he campaigned for direct presidential elections, and combined various political posts with his scientific work.He had always been on the left wing of the MDB/PMDB and in 1988 was one of the instigators of the new left wing party PSDB . After the first democratically elected president Collor was forced to resign due to a corruption scandal in 1992, FHC became Minister of Foreign Affairs. Seven months later he switched to the Finance Ministry. There he masterminded the Plano Real which brought inflation down from 2,150% to a couple of percentage points and kept the new currency Real at a fixed 1:1 exchange rate with the US Dollar. Read more... | |||||
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