HALISTER1: Brazil’s Temer Govt Is Dead If Recording Proves to Be True: MCM

Brazil’s Temer Govt Is Dead If Recording Proves to Be True: MCM

(Bloomberg) -- JBS’s allegations may paralyze the government, MCM says in report, arguing that “the sooner Temer falls, the better.”
  • MCM sees resignation as more appropriate option and impeachment as “more costly”
  • “Odebrecht’s plea bargain was not able to paralyze the government and Congress, but JBS’s one will be”
    • President Michel Temer “will only survive if the recording, still undisclosed, is misleading. However, the seriousness of the content of the conversation between Temer and Joesley Batista will hardly fall short of what was reported ”
    • “Paralysis will last as long as Temer remains in the Presidency”
  • “From the point of view of economy and restoration of the normality, the faster Temer falls, the better”
    • “Thus, resignation would be more appropriate option to start the process of restoration of governability”
    • “As long as Temer resists, crisis will escalate in markets and on the streets”
  • “Impeachment is the most costly output. Because it is time- consuming and because if we get to that point it means that Temer has taken forward the willingness to defend himself politically ”
  • “In this scenario, reforms will stop”
  • NOTE: Brazil Plunges Back Into Political Crisis as Markets Brace

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Michel Temer (Federative Republic of Brazil)

Topics
Criminal Practice & Procedure

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