BRAZIL POLITICS: Temer Expects Ministers to Resign

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By Politicoscope April 18, 2017 03:00

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“It is very likely that some ministers will feel uncomfortable and believe that they cannot continue,” Brazilian President Michel Temer said.

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BRAZIL POLITICS: Temer Expects Ministers to Resign

Brazilian President Michel Temer said on Monday he expects some of his ministers to resign after they were implicated in a massive corruption investigation, but said this would not stop his government from approving landmark economic reforms.

Eight of Temer’s ministers were mentioned by executives of engineering group Odebrecht SA in plea bargain testimonies made public last week.

Temer reiterated that he would not fire any of his ministers before they are formally accused by prosecutors, which could take months or even years. However, he said that the scandal is “embarrassing” and may lead some ministers to step down.

“It is very likely that some ministers will feel uncomfortable and believe that they cannot continue,” Temer said in a radio interview.

The Odebrecht testimonies escalated a crisis that started three years ago with an investigation into kickbacks at the state-run oil company Petrobras and that already contributed to the impeachment of leftist President Dilma Rousseff last year.

The president has sought to keep the scandal from thwarting his efforts to pass pension and labor reforms needed to keep public finances under control in the years ahead.

The reforms are also considered crucial by investors to pull Brazil out of recession.

The government was expected to present its final pension reform draft on Tuesday to Congress, where a third of the senators and dozens of representatives are under investigation.

With many lawmakers fearing their chances of re-election, the government was expected to ease some of the more stringent elements of the proposal, including a new retirement age. As such, Temer said another pension reform may be needed in 10 or 15 years.

Finance Minister Henrique Meirelles, who has reiterated the need for a tough reform, on Monday said many points of the draft bill were still being discussed.

The government expects to approve the pension reform by July, according to lawmakers that attended a meeting with Temer on Sunday. The reform plan, submitted last year to Congress, sets a minimum retirement age at 65 for both men and women and requires more years on the job for workers to gain full pension benefits.

Temer has also sought to overhaul the labor code in an attempt to reduce costs to companies. The lawmaker in charge of drafting that bill presented his suggestions last week to an empty Congress.

– Reuters


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Politicoscope
By Politicoscope April 18, 2017 03:00

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Since You’re Here, We Would Like to ask You for Help

There are more readers worldwide reading the Politicoscope daily news content than ever before. Unlike many other news media organisations that charge their readers subscription fees for the same daily news content and features we offer you for free, we do not charge all our readers to pay any fee. We depend on online advertising to generate the revenues to fund all these great news content and exclusive features provided to you for free. Currently, advertising revenues are quickly falling which is affecting our ability to offer you free online news content.
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