She denies any wrongdoing, and has said previous leaders used similar accounting measures.
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Today (Wednesday), the Brazilian Senate ousted Dilma Rousseff as president, after she violated budget laws and was involved in scandalous corruption with the government’s oil company.
Ms Rousseff was suspended in May after the Senate voted to go ahead with the impeachment process.
She was accused of breaking fiscal laws in her management of the federal budget.
Some senators had pressed for Rousseff’s barring from holding any public office in the country for eight years, in addition to her removal. She was re-elected in the second round on 26 October 2014 for a new term as president of Brazil. He has less than two years to do so since Temer is ineligible to stand for election during the next presidential race in 2018.
Dilma Rousseff is the first female president in Brazil. The country is expected to face a period of instability as Temer’s approval ratings are equally abysmal as Rousseff’s.
Rousseff’s removal spells the end for the Workers’ Party rule in Brazil - a reign that lasted 13 years.
Now Brazilian politics will delve into the unknown.
For Torrico, the seeds of Rousseff’s impeachment sprouted when her Workers’ Party (PT) saw its alliances with other political parties fell apart.
Vowing to appeal against her dismissal, she told her supporters: “I WOn’t say good-bye to you personally. I am certain I can say: ‘See you soon'”.
Her lawyer, José Eduardo Cardozo, said the charges were trumped up to punish the president’s support for a huge corruption investigation that has snared many of Brazil’s elite.
Instead, her trial revolved around a contentious legal question of whether she committed an impeachable offense by employing budgetary tricks to hide yawning deficits.
Leftist leaders in Caracas, Quito, La Paz and San Salvador have been consistent allies of Rousseff and her predecessor, Luiz Inacio Lula da Silva, including Venezuelan President Nicolas Maduro, who said the United States was behind the impeachment push.
Impeached president Dilma Rousseff (C) delivers her farewell address in Alvorado Palace on August 31, 2016 in Brasilia, Brazil.
Meanwhile, leftist leaders in Caracas, Quito, La Paz and San Salvador have been consistent allies of Rousseff and her predecessor, Luiz Inacio Lula da Silva, including Venezuelan President Nicolas Maduro, who said the United States was behind the impeachment push.
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Landers, manager of BGF Latin American and BSF Latin American Opportunities, added that his team has gradually increased their Brazil weighting since mid-March. Venezuela too, is facing serious economic challenges.
