Halister News

(Bloomberg) -- Brazil President Michel Temer should face formal charges from the Prosecutor-General’s Office from evidence of the JBS scandal, but lower house is very likely to bar a trial by the Federal Supreme Court, according to a report signed by Christopher Garman, Joao Augusto de Castro Neves, Filipe Gruppelli Carvalho and Djania Savoldi

• Lower house needs to approve the investigation request by a two- thirds margin and "given Temer’s base of support, and the growing backlash among politicians over these investigations, he is very likely to survive that vote," Eurasia says
• Still sees pension reform vote being delayed and only a stripped-down version being eventually approved
  • Expects political noise over next month or two, but sees conditions for Temer to advance his reform agenda outside of pension bill, which includes labor reform and "microeconomic reforms critical to attract private investments in heavily regulated sectors of the economy”
• NOTE: Temer Rides Out Brazil Crisis for Now as Allies Seek Status Quo

To contact the reporter on this story: Leonardo Lara in Sao Paulo at llara1@bloomberg.net To contact the editors responsible for this story: Daniela Milanese at dmilanese@bloomberg.net Giulia Camillo