1994 Brazilian general election

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General elections were held in Brazil on October 3, 1994, the second to take place under the provisions of the 1988 constitution and the second direct presidential election since 1960. Elected in 1989, President Fernando Collor of the centre-right National Reconstruction Party (PRN) had resigned in the face of an impeachment trial, resulting in Vice President Itamar Franco succeeding him. Facing a fiscal crisis Franco's government launched the Plano Real ("Real Plan") to stabilize the national economy. With Franco barred from running for a full term, the architect of the Real Plan, Minister of Finance Fernando Henrique Cardoso, was chosen by the PSDB to serve as their presidential candidate in Franco's absence. For the position of Vice President, Cardoso selected former presidential Chief of Staff Marco Maciel of the Liberal Front Party (PFL). Luiz Inácio Lula da Silva, a former labor leader and federal deputy for São Paulo who had narrowly lost the 1989 presidential election, resigned...

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