Temer's Victory in Brazil
Can He Pull the Country out of the Quagmire?
Last week, Brazil finally made some headway in its struggle to extract itself from the quagmire created by the impeachment of President Dilma Rousseff in May. For months, the interim government of Michel Temer, Rousseff’s vice president, had been at an impasse. The forces in Congress that had ousted Rousseff were divided, so Temer’s team had been unable to push through desperately needed economic reform. Under Rousseff and the populist Worker’s Party (PT), centralizing statist policies pushed unemployment to 12 percent, and public debt soared. Private investment shrank and state revenues dried up, slowing public works. Growth fell three …View More on Foreign Affairs