Sunday, May 22, 2016

Rousseff's impeachment looks like a coup

May 12, 2016 President Dilma Rousseff of Brazil was impeached by the Senate, 55-22. She is suspended for the duration of the trial, which could last up to six months.

The interim president is Michele Temer.

In his 1st week Temer is appointing his people to head the country's institutions to assure global investors and the country's voters - per Financial Times.

Temer appointed Henrique Meirelles as the Minister of Finance.

May 17, 2016 Meirelles selects Ilan Goldfajn, the chief economist at Brazil's largest non-state bank, Ita├║ Unibanco to replace Alexandre Tombini as the central bank president.

This is how the Financial Times described Goldfajn (emphasis mine):
Israeli-born Mr Goldfajn, who has a PhD from the Massachusetts Institute of Technology, was a central bank director between 2000 and 2003 and has worked as a consultant for the World Bank, the International Monetary Fund and the United Stations.
Goldfajn, if a courtroom sketch artist drew him

...

Following the nomination of Goldfajn, whose appointment must be ratified by the senate, Mr Meirelles also proposed on Tuesday [May 17] a constitutional amendment to grant the central bank formal autonomy.

Brazil's central bank is one of the few in the world that is not independent from the government[.]

Separately they mention that 70% of Brazilians support Rousseff's impeachment, only 1% would elect Temer as president.

1 comment:

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