Halister News

(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