Tag: Dilma Rousseff

Dilma Rousseff
Monday, August 31st 2015 - 07:22 UTC

Lacking congressional support Rousseff discards reinstating financial transactions tax

Sao Paulo newspapers said Rousseff abandoned the proposal because it realized there was no time to win its approval in Congress

President Dilma Rousseff has dropped the idea of reinstating a tax on financial transactions to bridge a gaping fiscal deficit in Brazil after it ran into a barrage of criticism even from within her coalition, Brazilian media reported on Sunday.

Sunday, August 30th 2015 - 13:58 UTC

Brazil in recession: worst slowdown in nearly three decades

A commodities-fueled economic boom has fizzled since Rousseff took office in 2011, and her stimulus efforts drove up debt without spurring growth

Brazil's economy shrank 1.9% in the second quarter, sinking into a recession that has hammered President Dilma Rousseff's popularity. The quarterly contraction, reported by government statistics agency IBGE on Friday, was bigger than what markets expected and confirms the worst slowdown for Brazil in nearly three decades.

Sunday, August 30th 2015 - 13:44 UTC

Brazil wants to revive financial transaction tax to increase revenue

“We're in a deep economic crisis and any move in that direction would make the crisis worse,” said Senator Calheiros, speaker of the House.

The Brazilian government is considering reviving a financial transaction tax known as CPMF in a bid to shore up its finances in 2016, but the initiative apparently does not have sufficient support in Congress and President Dilma Rousseff's main coalition ally, PMDB, is not willing to make the presentation.

Saturday, August 29th 2015 - 05:25 UTC

'If necessary', Lula da Silva will be in the 2018 president election

“If the opposition thinks it's going to win, that it will be no contest and that the PT is finished, you can be sure of the following: I'll be in the race”

Former two-term President Lula da Silva acknowledged Friday that he is weighing the possibility of seeking to return to Brazil's highest office in the 2018 elections. ”I can't say that I am or that I'm not (a candidate),” Lula said during an interview with Radio Itatiaia.

Thursday, August 27th 2015 - 04:41 UTC

Dilma has an extra 12 days to show 'non-doctored' government accounts

TCU alleges Rousseff delayed 40 billion Reais in social payments to artificially bolster fiscal accounts

Brazil's highest accounting court gave another 15 days for President Dilma Rousseff to respond to accusations she doctored the government accounts last year to hide the deterioration of the country's finances.

Tuesday, August 25th 2015 - 14:48 UTC

Rousseff ever more lame: VP Temer to drop as political coordinator

Temer is an important ally of Rousseff and his decision will further complicate the unpopular president, who is facing calls for her resignation or impeachment

Brazilian Vice President Michel Temer has decided to drop his role as day-to-day political coordinator in Congress for President Dilma Rousseff but is not leaving her government, two sources in the administration said on Monday.

Tuesday, August 25th 2015 - 14:43 UTC

Brazil's electoral authority investigating funding of Rousseff's presidential campaign

Gilmar Mendes said a 17-month investigation found evidence that Rousseff’s Workers’ Party (PT) was indirectly funded by money stolen from Petrobras.

The vice-president of Brazil’s TSE electoral authority has asked for an investigation of President Dilma Rousseff’s 2014 re-election campaign, citing evidence that it may have been financed with money from a corruption scheme at state-run oil firm Petrobras.

Friday, August 21st 2015 - 07:49 UTC

Merkel calls for a free trade accord between the Europe Union and Mercosur

“We could broaden our trade. We need reliable investment conditions”, said Merkel as she pressed for better access to Brazilian markets

German Chancellor Angela Merkel pressed Brazil's government on Thursday to further open its markets to foreign companies, and said she saw an opportunity to reach a free-trade deal between the European Union and the Mercosur trade bloc. Merkel is on a two-day visit to Brazil with a large delegation of government officials and representatives from German companies.

Friday, August 21st 2015 - 07:41 UTC

Rousseff admits a year of recession because of 'massive economic difficulties”

“The process of falling commodity prices due to adjustment in China will continue to burden the global economy for a long time” said Rousseff

A slump in commodity markets will burden the global economy for some time to come, Brazilian President Dilma Rousseff told Germany's Handelsblatt business daily, adding she hoped the Brazilian economy would pick up in a year.

Friday, August 21st 2015 - 07:27 UTC

Pro-Rousseff march turnout no match for Sunday's antigovernment protest

Organizers said some 172,000 people turned out around the country in more than two dozen cities. Police 70.000 in Rio and 40.000 in Sao Paulo

Brazil unions and left groups staged a string of protests in a show of support for President Dilma Rousseff, although turnout was markedly lower than at massive anti-government rallies over the weekend. The protests hit back at the growing push to impeach Rousseff, who less than a year into her second term is struggling for political survival.

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