Acquittal emboldens Brazil’s Temer in austerity drive -officials

The acquittal of Brazilian President Michel Temer last week on charges of illegal campaign funding in the 2014 election has emboldened the center-right leader to offer no more concessions to Congress that would weaken his austerity package, a senior member of the economic team and an aide told Reuters.

Brazil’s top electoral court dismissed a case that could have removed Temer from office, but the president is still threatened by a separate corruption investigation.

Temer and his economic team, despite the uncertainty, are confident the government’s coalition will approve a pension overhaul to avoid a fiscal crisis in Brazil, which is struggling to rebound from a two-year recession.

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