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Fernando Affonso Collor de Mello (Portuguese pronunciation: [feʁˈnɐ̃du aˈfõsu ˈkɔloʁ dʒi ˈmɛlu]; born 12 August 1949) is a Brazilian politician who served as the 32nd president of Brazil from 1990 to 1992, when he resigned in a failed attempt to stop his impeachment trial by the Brazilian Senate. Collor was the first President democratically elected after the end of the Brazilian military government. He became the youngest president in Brazilian history, taking office at the age of 40. After he resigned from the presidency, the impeachment trial on charges of corruption continued. Collor was found guilty by the Senate and disqualified from holding elected office for eight years (1992–2000). He was later acquitted of ordinary criminal charges in his judicial trial before Brazil's Supreme Federal Court, for lack of valid evidence. Fernando Collor was born into a political family. He is the son of the former Senator Arnon Affonso de Farias Mello and Leda Collor (daughter of former Labour Minister Lindolfo Collor, led by his father, former governor of Alagoas and proprietor of the Arnon de Mello Organization, a media conglomerate which manages the state-wide television station TV Gazeta de Alagoas, the affiliate of TV Globo in the state.) "Collor" is a Portuguese adaptation of the German surname Köhler, from his maternal grandfather Lindolfo Leopoldo Boeckel Collor. Collor has served as Senator for Alagoas since February 2007. He first won election in 2006 and was reelected in 2014. In August 2017, Collor was accused by the Brazil's Supreme Federal Court of receiving around US$9 million in bribes between 2010 and 2014 from Petrobras subsidiary BR Distributor. Early career Collor became president of Brazilian football club Centro Sportivo Alagoano (CSA) in 1976. After entering politics, he was successively named mayor of Alagoas' capital Maceió in 1979 (National Renewal Alliance Party), elected a federal deputy (Democratic Social Party) in 1982, and eventually elected governor of the small Northeastern state of Alagoas (Brazilian Democratic Movement Party) in 1986. During his term as governor, he attracted publicity by allegedly fighting high salaries for public servants, whom he labeled marajás (maharajas) (likening them to the former princes of India who received a stipend from the government as compensation for relinquishing their lands). How well his policies reduced public expense is disputed, but the political position certainly made him popular in the country. This helped boost his political career, with the help of television appearances in nationwide broadcasts (quite unusual for a governor from such a small state). Presidency (1990-1992) In 1989 Collor defeated Luiz Inácio Lula da Silva in a controversial two-round presidential race with 35 million votes. In December 1989, days prior to the second round, businessman Abílio Diniz was the victim of a sensational political kidnapping. The act is recognized as an attempt to sabotage Lula's chances of victory by associating the kidnapping with the left wing. At the time, Brazilian law barred any party from addressing the media on the days prior to election day. Lula's party thus had no opportunity to clarify the accusations that the party (PT) was involved in the kidnapping. Collor won in the state of São Paulo against many prominent political figures. The first President of Brazil elected by popular vote in 29 years, Collor spent the early years of his presidency battling inflation, which at times reached rates of 25% a month. The very day he took office, Collor launched the Plano Collor (Collor Plan), implemented by his finance minister Zélia Cardoso de Mello (not related to Collor). The plan attempted to reduce the money supply by forcibly converting large portions of consumer bank accounts into non-cashable government bonds, while at the same time increasing the printing of money bills, a counterbalancing measure to combat hyper-inflation. Free trade, privatization and state reforms Under Zélia's tenure as Brazil's Minister of Finances, the country had a period of major changes, featuring what ISTOÉ magazine called an "unprecedented revolution" in many levels of public administration: "privatization, opening its market to free trade, encouraging industrial modernization, temporary control of the hyper-inflation and public debt reduction."In the month before Collor took power, hyperinflation was at 90 percent per month and climbing. All accounts over 50,000 cruzeiros (about US$500 at that time), were frozen for several weeks. He also proposed freezes in wages and prices, as well as major cuts in government spending. The measures were received unenthusiastically by the people, though many felt that radical measures were necessary to kill the hyperinflation. Within a few months, however, inflation resumed, eventually reaching rates of 10 percent a month. During the course of his government, Collor was accused of condoning an influence peddling scheme. The accusations weighed on the government and led Collor and his team to an institutional crisis leading to a loss of credibility that reached the finance minister, Zélia.This political crisis had negative consequences on his ability to carry out his policies and reforms. The Plano Collor I, under Zélia would be renewed with the implementation of the Plano Collor II; the government's loss of prestige would make that follow-up plan short-lived and largely ineffective. The failure of Zélia and Plano Collor I led to their substitution by Marcílio Marques Moreira and his Plano Collor II. Moreira's plan tried to correct some aspects of the first plan, but it was too late. Collor's administration was paralyzed by the fast deterioration of his image, through a succession of corruption accusations.During the Plano Collor, yearly inflation was at first reduced from 30,000 percent in 1990 (Collor's first year in government) to 400 percent in 1991, but then climbed back up to 1,020 percent in 1992 (when he left office). Inflation continued to rise to 2,294 percent in 1994 (two years after he left office). Although Zélia acknowledged later that the Plano Collor didn't end inflation, she also stated: "It is also possible to see with clarity that, under very difficult conditions, we promoted the balancing of the national debt – and that, together with the commercial opening, it created the basis for the implementation of the Plano Real."Parts of Collor's free trade and privatization program were followed by his successors: Itamar Franco (Collor's running mate), Fernando Henrique Cardoso (a member of the Franco cabinet) and Lula da Silva. Collor's administration privatized 15 different companies (including Acesita), and began the process of privatizing several others, such as Embraer, Telebrás and Companhia Vale do Rio Doce. Some members of Collor's government were also part of the later Cardoso administration in different or similar function.... Discover the Fernando Lima Franco popular books. Find the top 100 most popular Fernando Lima Franco books.

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