Business: Economic Overhaul at Risk as Temer Arrest Roils Brazil Politics

Temer, 78, became the second former Brazilian head of state after Luiz Inacio Lula da Silva to be arrested by the so-called Carwash probe that has brought down swathes of the nation’s business and political elite. Former Energy Minister

Brazilian markets sank as news of Temer’s arrest sent shock waves across Brasilia, where lawmakers have begun analyzing the government’s pension reform bill; an unpopular piece of legislation deemed vital to shore up Brazil’s battered public finances. While the medium and long-term consequences remain unclear, in the short-term the arrests create another major distraction from the increasingly urgent task of rescuing Brazil’s anemic recovery.

The leader of the opposition in the Chamber of Deputies, Alessandro Molon, said that the arrests “create a certain amount of trouble here in the lower house that will inevitably impact the progress of the pension reform that’s going badly.”Prosecutors accused Temer of “leading a criminal organization” that received or was promised more than 1.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Brazil's ex-president Michel Temer arrested: reports - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Brazil's ex-president Michel Temer was arrested Thursday as part of a sprawling anti-corruption probe that has already claimed dozens of political and corporate scalps, media reports said. BulelaniPhillip That one should follow as well.
Sumber: SABC News Online - 🏆 32. / 51 Baca lebih lajut »

Remgro flags business risks posed by Eskom power outagesThe investment firm also says political instability ahead of the elections is a threat in 2019
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »

BUSINESS MAVERICK OP-ED: Business schools are SA’s natural partner in the Fourth Industrial RevolutionSouth Africa is playing catch-up, and while it might aspire to become a leading light in the evolving global developments, realistically, the Presidential Commission on the Fourth Industrial Revolution has set its sights on achieving competitiveness and the need for inclusive growth. No
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »