Fernando Affonso Collor de Mello (born August 12, 1949) was president of Brazil from 1990 to 1992. Collor President in his gabinet Palácio do Planalto File links The following pages link to this file: Fernando Collor de Mello Categories: Images with unknown source ... March 15 is the 74th day of the year in the Gregorian Calendar (75th in Leap years). ... This article is about the year. ... September 29 is the 272nd day of the year (273rd in leap years). ... 1992 (MCMXCII) was a leap year starting on Wednesday. ... José Ribamar Ferreira de Araújo Costa (born April 24, 1930, in Pinheiro, Maranhão) served as president of the Federative Republic of Brazil from March 15, 1985 to March 15, 1990. ... Itamar Augusto Cautiero Franco (born June 28, 1930) is a Brazilian politician who was President of Brazil from October 2, 1992 to December 31, 1994. ... August 12 is the 224th day of the year (225th in leap years) in the Gregorian Calendar. ... 1949 (MCMXLIX) is a common year starting on Saturday. ... Ipanema beach, in the South Zone, immortalised by Tom Jobim and Vinicius de Morais song The Girl from Ipanema Cristo Redentor, the famous Christ the Redeemer statue at the top of the Corcovado mountain A NASA satellite image of Rio de Janeiro Rio de Janeiro (meaning River of January in... Rio de Janeiro is one of the 26 states of Brazil (plus the Federal District). ... August 12 is the 224th day of the year (225th in leap years) in the Gregorian Calendar. ... 1949 (MCMXLIX) is a common year starting on Saturday. ... This article is about the year. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ...

Collor was the scion of a powerful political family, led by his father Arnon de Mello, a journalist and former governor of Alagoas. Backed by his good looks and his father's TV and print media interests, he became successively mayor of Alagoas' capital Maceió, a federal deputy, and eventually governor of the state of Alagoas in 1987. Alagoas (AL) is a small state in northeastern Brazil lying between the states of Pernambuco and Sergipe; touching the state of Bahia along a part of its southwestern border. ... Maceió, Alagoas (Brazil). ...

In 1989 Collor defeated Luiz Inácio Lula da Silva in a very close presidential race. The first democratically elected President of Brazil in 29 years, Collor spent the early years of his government battling inflation, which at times reached rates of 25% per month. 1989 (MCMLXXXIX) is a common year starting on Sunday of the Gregorian calendar. ... Luiz Inácio Lula da Silva (born October 6, 1945) is the President of Brazil. ... See also List of Presidents of Brazil The President of the Federal Republic of Brazil is the head of state and head of government of Brazil. ...

Shortly after taking office, Collor launched the "Collor Plan", which attempted to reduce the money supply by forcibly converting large portions of consumer bank accounts into unspendable government bonds. 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 reduce the constant inflation. Within a few months, however, inflation resumed, eventually reaching rates of 25% per month.

This strategy, many economists say, was in fact a cover up for lowering the high public debt bill. The "confiscated" money had negative real interest rates while in the government's hands and this negative difference was indirectly used to significantly lower the Brazilian sovereign debt. Those economists state that lowering the high inflation was never the real first objective of the plan.

A feature of Collor's administration was the privatization of a number of government-owned enterprises such as Acesita. Privatization (sometimes privatisation, denationalization, or, especially in India, disinvestment) is the process of transferring property, from public ownership to private ownership and/or transferring the management of a service or activity from the government to the private sector. ... Acesita S.A. is a major Brazilian manufacturer of specialty steels headquartered in Belo Horizonte, Minas Gerais. ...

In 1992, Collor was accused by his brother Pedro of corruption, leading to investigations by both Congress and the press. Many accusations focused on the role of Collor's campaign manager, Paulo Cesar Farias, who accumulated substantial wealth as Collor's political star rose. Increasing evidence of bribery and misappropriation of state funds led to popular demonstrations and civil disorder across the main cities of Brazil. In October, the congress voted to suspend him. Collor was impeached by Congress on December 29, 1992 and his right to run for political office was suspended for 8 years, according to Brazilian law applied to corruption. 1992 (MCMXCII) was a leap year starting on Wednesday. ... Paulo Cesar Farias (September 20, 1945 - June 23, 1996) was the political campaign treasurer of Brazilian President Fernando Collor de Mello and a central figure in the corruption scandal that resulted in Collors removal from presidential office. ... December 29 is the 363rd day of the year (364th in leap years) in the Gregorian Calendar, with 2 days remaining. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ...

He was succeeded by his vice president, Itamar Franco, widely regarded as an inept to the office of President. Itamar's Economy minister, Fernando Henrique Cardoso, was later elected President in 1995 and reelected to another term in 1998. Itamar Augusto Cautiero Franco (born June 28, 1930) is a Brazilian politician who was President of Brazil from October 2, 1992 to December 31, 1994. ... 1995 (MCMXCV) was a common year starting on Sunday of the Gregorian calendar. ... 1998 (MCMXCVIII) is a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ...

Most of the population still identifies Collor with corruption. In 2002, he ran for governor in his home state, Alagoas, but he lost again. His political future was uncertain by 2005. 2002 (MMII) is a common year starting on Tuesday of the Gregorian calendar. ... Alagoas (AL) is a small state in northeastern Brazil lying between the states of Pernambuco and Sergipe; touching the state of Bahia along a part of its southwestern border. ... 2005 (MMV) is a common year starting on Saturday of the Gregorian calendar. ...

See also: List of Presidents of Brazil, History of Brazil (1964-present) A mayor (from the Latin maīor, meaning larger,greater) is the politician who serves as chief executive official of some types of municipalities. ... Maceió, Alagoas (Brazil). ... A governor is also a device that regulates the speed of a machine. ... Alagoas (AL) is a small state in northeastern Brazil lying between the states of Pernambuco and Sergipe; touching the state of Bahia along a part of its southwestern border. ... José Ribamar Ferreira de Araújo Costa (born April 24, 1930, in Pinheiro, Maranhão) served as president of the Federative Republic of Brazil from March 15, 1985 to March 15, 1990. ... See also List of Presidents of Brazil The President of the Federal Republic of Brazil is the head of state and head of government of Brazil. ... Itamar Augusto Cautiero Franco (born June 28, 1930) is a Brazilian politician who was President of Brazil from October 2, 1992 to December 31, 1994. ... This is a list of the Presidents of Brazil. ... After the military coup, Brazil went into a troubled process of redemocratization. ...