Michel Temer Aims to Restore Confidence in Brazil’s Economy

Simon Romero – The New York Times, 05/24/2016

RIO DE JANEIRO — Brazil’s interim president, Michel Temer, announced an array of proposals on Tuesday aimed at restoring confidence in the sickly economy of Latin America’s largest country.

Seeking to draw a contrast with Dilma Rousseff, the suspended leftist president whom Mr. Temer maneuvered to oust this month, he said he would try to repeal nationalist oil legislation, curb public spending and shut down a sovereign wealth fund.

Still, Mr. Temer’s televised briefing was light on detail as to how he planned to win approval in a fractious Congress for an array of measures like overhauling a crisis-ridden pension system that allows Brazilians to retire at an average age of 54.

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