Halister News

(Bloomberg) -- Brazil Senate’s Social Committee decision to reject labor reform bill is a bad sign for the government, says Paulo Petrassi, a partner at Leme Investimentos, in a telephone interview. See main points:

• If with labor reform things are like this, imagine how it will be with pension reform, Petrassi questions
• Temer can’t go on with reforms
  • Negative things for the government will continue to appear
• It would be very good if Temer "resigned," Petrassi says
  • Temer will realize that he is doing a tremendous harm to the country, missing the opportunity to pass very important reforms, Petrassi says
• NOTE: Brazil Senate Social Committee Rejects Labor Reform Bill 
• NOTE: Brazil’s Real Falls to 1-Month Low as Senate Rejects Labor Bill

Original Story: Leme Investimentos: Temer não tem condição de continuar reformas To contact the translator on this story: Danielle Chaves in Sao Paulo at djelmayer@bloomberg.net Reporter on the original story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Patricia Lara