Brazil’s Temer Setbacks Unlikely to Bring Rousseff Back: Eurasia
(Bloomberg) -- Congress and private sector support for acting president Temer ensures that his government won’t be destabilized, Eurasia reports.
- “The bulk of centrist legislators believe that a failure of the Temer administration would entail dire consequences on the economic front, and a result, to their own political future”
- NOTE: BRL steady at 3.6104 after it underperformed peers yday as acting President Temer lost 2nd minister to audio leak scandal
- NY-based consultancy analysis is similar to assessment by local peers such as Tendencias, Arko, which recently said that a reversal of Rousseff impeachment is still unlikely
- Eurasia says that recent loss of two ministers fails to change the outlook for Rousseff impeachment final vote; the consultancy firm maintains odds, currently at 20%, that Senate won’t confirm impeachment process started officially on May 12, leading Rousseff to be temporarily ousted
- “The fates of Eduardo Cunha and Marcelo Odebrecht, however, pose greater risks for Temer than do recent allegations”
- Carwash probe is Temer’s “largest liability”; the “highly independent investigation” won’t stop just because Rousseff was forced to step down
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HALISTER1Source: BFW (Bloomberg First Word)
People Marcelo Odebrecht (Odebrecht SA)
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