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Political turmoil in Brazil

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July 07, 2017

Why in news?

The incumbent Brazilian President, Michel Temer, has been indicted in a scandal.

What is the reason?

  • The President is accused of his involvement in the authorisation of heavily subsidised public loans for a private corporation in return for political patronage.
  • He has denied the charges.
  • The requisite vote in the lower House of Congress to authorise a criminal trial may not materialise eventually, as most members are themselves facing investigations.
  • Last year, the then President, Dilma Rousseff was impeached.
  • She was implicated over a scandal in the state-owned oil giant and its construction arm.
  • Mr. Temer was the Vice-President then.

What should be done?

  • This continuing turmoil puts at risk assurances of reforms to Brazil’s labour laws and generous pension system.
  • Brazilian Left leaned too much towards an unsustainable populist agenda during the years of the commodities boom.
  • On the other hand, Right appear ill-equipped as a realistic alternative despite attempts to attract overseas investment.
  • Brazil badly needs a strong centre that is not tempted to populism and assure accountability.

 

Source: The Hindu

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