AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Brazilian President Michel Temer defied predictions of his imminent political demise when a court acquitted him on charges of having won election thanks to dirty money. And after Friday's vote in the Supreme Electoral Tribunal (TSE) he promptly went on the offensive in his battle to survive additional corruption accusations.
Despite being branded by opponents a political "zombie" and likened to characters from "The Walking Dead" television series, the scandal-plagued president's acquittal in the TSE showed he still has plenty of political life. The TSE judges voted 4-3 against stripping Temer of his mandate on the grounds that the 2014 presidential election was contaminated by undeclared campaign donations and bribes. That clears him to serve out the rest of his term to the end of 2018.
Dissenting judges painted a grim picture of the way Brazilian corporations seek to buy politicians in Latin America's biggest country. But with the panel drawn at 3-3, the TSE's president Gilmar Mendes cast the deciding vote, urging cool heads at a time of national turmoil. "You don't switch the president of the republic every hour," he said. "There are serious proven facts but not enough to annul the mandate."
That spared recession-ravaged Brazil being plunged into its second leadership crisis in 14 months, following the impeachment of leftist president Dilma Rousseff last year and her replacement by her then-vice president Temer. It also backed up Temer's strategy of arguing that corruption accusations against him are a dangerous distraction when he is needed to put Brazil back on the economic rails.
Eurasia Group consultants said Temer's chances of being toppled before the end of his term have now dropped from 60 to 30 percent. "We underappreciated the ability of the presidential palace to weave a narrative that Temer's permanence in office represented the best bet for institutional and economic stability until the 2018 elections," Eurasia Group said.
Temer was clearly invigorated, greeting the TSE victory as "a sign that the national institutions continue to guarantee the smooth functioning of Brazilian democracy," his spokesman said. However, the decision dismayed those pushing for Brazil to face up to its massive corruption problems.

Copyright Agence France-Presse, 2017

Comments

Comments are closed.