So much for having good neighbors.
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New government under former vice-President Michel Temer, who is now acting as President was largely expected to be pro-market.
Rousseff was suspended as president last week after Brazil’s Senate voted to try her on charges of budget irregularities. In fact, one far-Right deputy, Jair Bolsonaro, dedicated his vote to the military colonel who headed up the notorious torture unit during the dictatorship era.
“The interruption of a mandate is not something to celebrate, but the maturation of our democracy must be highlighted”, Fernando Lottenberg, president of the Brazilian Israelite Confederation, told JTA. Current central bank chief Alexandre Tombini has struggled throughout Rousseff’s five years in office to cool inflation.
Ana Claudia Farranha, the only black female professor in her department at the University of Brasilia, is one of many Brazilians who doubt Temer’s cabinet will be able to unite the polarized country.
Venezuela’s Nicolas Maduro and Evo Morales of Bolivia adopted her terminology, calling the proceeding a parliamentary coup.
Jeering and pot banging could be heard in parts of Rio de Janeiro and Sao Paulo during his television interview, a form of protest that used to dog Rousseff to the point where she began avoiding broadcast appearances. She denounced the vote as a political coup.
But Brazil’s currency, which lost a third of its value against the dollar past year, has regained some ground, a sign that investors welcome the president’s setbacks.
But this time no consensus emerged to get regional organizations involved.
Temer has rejected such a notion and has said he would not interfere in the inquiry.
“Overall what prevails is a certain cautious approach not to pick fights”, he said.
Brazil’s taxes are notoriously harder on the poor and middle class, whose tax burden is larger than that on the rich. In doing, Mr. Temer cut the number of ministerial posts to 22 from 32 in an effort to rein in government spending. The union “won’t recognize putschists as rulers”, it said in a statement that also demanded Rousseff’s reinstatement. Ernesto Samper, Unasur’s secretary general, earlier had questioned the validity of Rousseff’s suspension.
But her case has not been taken up by the OAS Permanent Council, the body’s top panel.
Transport problems also remain a major concern.
Brazil’s interim president, Michel Temer, has guaranteed that the Olympic Games will start in less than three months at the famous Maracana stadium in Rio de Janeiro.
Temer is the former vice president of Brazil and a member of the opposition PMDB party who is implicated in Brazil’s massive corruption scandal involving state-owned oil company Petrobras.
Rousseff, however, seems unlikely to return to power. “Temer just said he is in a hurry and wants a plan in 30 days”.
The only good thing about Latin American politics is that change is constant. And commodity prices were high, which helped pay for them. The World Health Organization has already advised pregnant women to not travel to Brazil and Dr. Attaran contends that moving the games would slow its transformation into a global pandemic.
But economic conditions are worse now, and many leftist leaders are no longer so popular.
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Marques’ appointment likely heralds a downsized role after 13 years of Workers’ Party rule during which the bank became one of the government’s preferred tools for pursuing its economic goals.
