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Brazil's Temer: 'business as usual' despite probe

Thursday, April 13, 2017 - 01:45

Brazil's President Michel Temer urges lawmakers to push ahead with business as usual, a day after a Supreme Court justice ordered corruption probes into 98 politicians, including leading legislators and a third of his cabinet. But, with such pressure at the top, can the economy carry on with business as usual? Laura Frykberg reports.

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Just days after a major corruption investigation into dozens of Brazilian politicians was opened... And the headlines are hard to ignore.. But the country's president is urging the government to do exactly that. (SOUNDBITE) (Portuguese) BRAZILIAN PRESIDENT, MICHEL TEMER, SAYING: "The judiciary will give the final word. This is what we have to give value to. We can never paralyse the government, we have to continue." Almost one-third of Michel Temer's cabinet are now under inquiry. In relation to a wider investigation - that dozens of politicians allegedly helped a construction firm win lucrative contracts with state-run oil company Petrobras... In exchange for money. (SOUNDBITE) (Portuguese) POLITICAL ANALYST, GERALDO TADEU, SAYING: "This demonstrates that we are talking about a corrupt system that drains public resources and must be uncovered. These investigations have to go deep." And the timing of the probe couldn't be worse. The government is trying to implement ambitious reform. Including an overhaul of the pension system. Interest rates too were slashed this week. As Brazil tries to tackle its worst recession, in more than a century. (SOUNDBITE) (English) FIDELITY INTERNATIONAL, INVESTMENT DIRECTOR, TOM STEVENSON, SAYING: "The Brazilian economy is still in a tricky situation. Inflation is very high and surprisingly high when you consider that the Brazilian economy has shrunk over the last couple of years." Temer has said he'll suspend any ministers charged with corruption... Although no word if he'd do the same... He himself is under separate investigation for illegal campaign financing.

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Brazil's Temer: 'business as usual' despite probe

Thursday, April 13, 2017 - 01:45