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Judge orders impeachment proceedings for Brazil Veep

Apr. 05, 2016 4:34 PM ETEWZ, BRF, BZQ, UBR, BRAZ, BRAQ, EWZS, DBBR, FBZ, BRZUBy: Stephen Alpher, SA News Editor2 Comments
  • Thought to be the successor to President Rousseff should she be forced from office, Vice-President Michael Temer needs to have impeachment proceedings begun against him, according to a Brazilian Supreme Court justice.
  • The charges are over whether he helped doctor budget accounting while part of the Rousseff administration. Another congressional committee is looking at similar charges against Rousseff.
  • Previously: Rousseff's likely successor has own legal baggage (March 29)
  • Although the full court can overturn this decision, Rousseff opponents will now have to consider whether it's a good idea to force her out when Temer may not be able to step in.
  • The Bovespa gained 0.55% today.
  • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
  • Now read: Time To Move Into Brazil? (April 4)

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