After proposing a repeat of the elections in Venezuela, the President of Brazil has launched a new idea.

Brazilian President Luiz Inácio Lula da Silva reiterated on Thursday the need for Venezuelan authorities to release the results of the July 28 elections and proposed two possible solutions to the crisis: the formation of a coalition government or holding new elections.

In an interview, Lula stated that “until now,” it is unclear who won the elections because the results have not been made public, and independent verification has not been possible. He criticized Nicolás Maduro, who was declared the winner by the National Electoral Council (CNE), for failing to provide a satisfactory explanation.

Lula mentioned that he is working with Mexico and Colombia to find solutions. He suggested two options: forming a coalition government that includes members of both the Chavista regime and the opposition, or organizing new elections.

“There are several solutions. One is a coalition government, a coalition government with the opposition. There are many people in my government who did not vote for me, and others who did. Everyone would participate in a coalition government,” Lula explained. He added, “Now there is a disagreement… between those who want me to say the opposition won, I cannot say the opposition won because I don’t have data, nor can I say Maduro won because I don’t have data.”

“Maduro has six months left in his term. If he has common sense, he could even call for new elections, creating an electoral committee with opposition members and observers from around the world,” Lula continued.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Ignacio Teson
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments