While President Dilma Rousseff's potential impeachment throws Brazil's politics into disarray, the country's economy is facing its worst recession in 80 years. To get Brazil back on track, urgent action is needed to revive the economy, rebuild business confidence, and restore public trust in government.
SÃO PAULO – Brazil’s political crisis appears to be coming to a head. Now that the lower house of the National Congress has voted in favor of President Dilma Rousseff’s impeachment for violating fiscal rules, the Senate’s 81 members will vote in the coming days on whether to try her. If 42 agree, she will be suspended for up to 180 days, during which time Vice President Michel Temer will assume the presidency. If the Senate does not produce a two-thirds vote for conviction during that period, Rousseff will return to the presidency. But the most likely outcome, it seems, will be for Temer to carry out the final two years of Rousseff’s term.
SÃO PAULO – Brazil’s political crisis appears to be coming to a head. Now that the lower house of the National Congress has voted in favor of President Dilma Rousseff’s impeachment for violating fiscal rules, the Senate’s 81 members will vote in the coming days on whether to try her. If 42 agree, she will be suspended for up to 180 days, during which time Vice President Michel Temer will assume the presidency. If the Senate does not produce a two-thirds vote for conviction during that period, Rousseff will return to the presidency. But the most likely outcome, it seems, will be for Temer to carry out the final two years of Rousseff’s term.