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MercoPress, en Español

Montevideo, November 22nd 2024 - 02:34 UTC

Stories for May 25th 2016

  • Wednesday, May 25th 2016 - 05:58 UTC

    Temer announces tough austerity measures but needs to show Congress supports him

    Temer said the government would get an early repayment of about US$28 billion from Brazil's state-run investment bank BNDES

    Brazil's interim president announced austerity measures on Tuesday aimed at pulling Latin America's largest economy from its worst crisis in decades, warning that a failure to act would sentence future generations to “extraordinary hardship.” Speaking with government leaders in a national televised meeting, interim president Michel Temer, 75, also banged his hand on the table while insisting he was up to the job.

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