Brazil economic plan shows political rift

Joe Leahy – Financial Times, 11/16/2015

Brazil vice-president Michel Temer has launched a new liberal economic policy platform for his party that represents a radical break with the left-leaning programme of Dilma Rousseff, the country’s president.

The move illustrates a widening split between Mr Temer’s PMDB, Brazil’s largest political grouping consisting of mostly conservative regional politicians, and its official ally, Ms Rousseff’s ruling Workers’ party, or PT.

Mr Temer will put the programme, which reads like a wishlist for markets and investors with proposals to liberalise industrial relations and reform pensions and government spending, to a PMDB party congress for adoption on Tuesday.

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