With the news today that Brazil’s Chamber of Deputies, the lower house of the country’s Congress, will examine a public petition seeking to impeach President Dilma Rousseff, we invite our members to join us for a conference call tomorrow morning to discuss the political and economic implications and outlook in the near future.
This call will feature Carlos Eduardo Lins da Silva, Senior Advisor at PATRI, who will share recent analysis on the developing situation.
Conference Call information:
Thursday, December 3, 2015
11:30am – 12:00pm (ET)
USA Toll free: 1-877-820-7829
Brazil Toll Free: 0-800-029-3462
If you are calling from a cell phone in Brazil:
Sao Paulo: 55-11-2730-0270
Participant Passcode: 1866157103
Brazil’s Chamber of Deputies, the lower house of the country’s Congress, will examine a public petition seeking to impeach Brazilian President Dilma Rousseff. Following weeks of parliamentary maneuvering and suspense, Chamber of Deputies Speaker Eduardo Cunha on Wednesday announced that he has accepted the petition and will allow it to be considered by a congressional committee. As Speaker, Cunha had the authority to either move the petition forward or shelve it. The petition was originally presented to Cunha by a group of São Paulo legal scholars who allege that President Rousseff has abused her budgetary powers, especially by systematically denying mandatory Treasury transfers to state-run banks. Impeachment has drawn considerable public support in recent months because of a spreading corruption scandal involving state-run energy company Petrobras. Meanwhile, a deteriorating economy has undermined consumer and business confidence, with the President’s popularity sinking to single digits.
Link to government news agency release.More Testimonials