Brazil, The Chamber approves impeachment Dilma Rousseff

9 years ago - Published in Finance, Fundamental Analysis

The Brazilian Chamber of Deputies approved, at the end of a marathon began Friday, the opening of an impeachment proceeding against leftist President Dilma Rousseff, whose term expires in 2018. The majority in favor of impeachment against Dilma eventually overwhelming, beyond the worst predictions: 367 yes, 137 no, 7 abstentions.

The House vote, after three days and nights of debate, states the beginning of removal of Dilma Rousseff from the Planalto Palace in Brasilia that will now have to be confirmed by the Senate. If even approve senators, in their case by a simple majority, the President will be suspended for 180 days. At the end of this period, a new Senate vote, and then the Supreme Court will have to confirm or deny his dismissal. Meanwhile, his deputy, Michel Temer, will take power and form a new government. It's 'a turning point gained in the Brazilian lost the last months of scandals of corruption, severe economic recession and emergency Zika. It made possible exit by the government of Dilma strong centrist party of Temer that, in March, broke the historic coalition with the PT and Lula has joined an opposition that, for months, trying to overthrow the president.

The great director impeachment was Eduardo Cunha, president of the Parliamentary Assembly, also of Temer party, the PMDB (Brazilian Democratic Movement). But it is above all a victory of Sao Paulo, the financial capital of the country, where last night thousands of people celebrated the triumph on Paulista Avenue, and where the local Confindustria, the Fiesp, has promoted and led the protests that led to the Dilma defeat. What will happen tomorrow is theoretically already written in the constitutional rules, but it is by no means certain. The country is divided and Dilma Rousseff has no intention of giving up or resign, as they hope his opponents. Already last night, through José Eduardo Cardozo, the lawyer of the State, the President announced that it will continue to do battle against what he called "an institutional coup."