Berliner Boersenzeitung - Temer: the man poised to be Brazil's next president

EUR -
AED 4.25303
AFN 75.850441
ALL 92.783565
AMD 422.814421
ANG 2.072702
AOA 1063.112355
ARS 1706.861717
AUD 1.63265
AWG 2.085982
AZN 1.966157
BAM 1.956019
BBD 2.32762
BDT 141.865864
BGN 1.964518
BHD 0.435845
BIF 3454.896839
BMD 1.158074
BND 1.478227
BOB 13.469274
BRL 6.043295
BSD 1.155644
BTN 110.216759
BWP 15.569741
BYN 3.51489
BYR 22698.260197
BZD 2.32432
CAD 1.606058
CDF 2632.303424
CHF 0.940183
CLF 0.026882
CLP 1058.01492
CNY 7.809129
CNH 7.807588
COP 3626.857719
CRC 519.953653
CUC 1.158074
CUP 30.688974
CVE 110.276379
CZK 24.224891
DJF 205.799459
DKK 7.475961
DOP 67.64698
DZD 152.343062
EGP 57.684621
ERN 17.371117
ETB 186.943212
FJD 2.587369
FKP 0.855859
GBP 0.854734
GEL 3.02283
GGP 0.855859
GHS 12.655306
GIP 0.855859
GMD 85.12161
GNF 10151.872232
GTQ 8.817301
GYD 241.744945
HKD 9.086924
HNL 30.979725
HRK 7.534893
HTG 151.162988
HUF 363.271775
IDR 20609.209607
ILS 3.42223
IMP 0.855859
INR 110.708737
IQD 1513.930074
IRR 1591874.73433
ISK 142.223246
JEP 0.855859
JMD 183.015724
JOD 0.82105
JPY 184.225909
KES 149.727676
KGS 101.273663
KHR 4676.442173
KMF 494.497526
KPW 1042.26739
KRW 1639.127784
KWD 0.357474
KYD 0.963083
KZT 536.256074
LAK 26083.46628
LBP 103484.336078
LKR 384.566362
LRD 209.747154
LSL 18.696468
LTL 3.419493
LVL 0.700508
LYD 7.358696
MAD 10.719106
MDL 20.03851
MGA 4975.556384
MKD 61.52763
MMK 2431.715117
MNT 4164.447886
MOP 9.341003
MRU 46.412789
MUR 54.557058
MVR 17.891724
MWK 2004.024097
MXN 19.699986
MYR 4.724362
MZN 74.012314
NAD 18.696306
NGN 1573.10531
NIO 42.534573
NOK 10.922275
NPR 176.350822
NZD 1.96116
OMR 0.445275
PAB 1.155709
PEN 3.897969
PGK 5.191513
PHP 71.32698
PKR 320.996895
PLN 4.307285
PYG 6936.655884
QAR 4.213035
RON 5.243415
RSD 117.351096
RUB 97.187511
RWF 1699.446014
SAR 4.338711
SBD 9.320859
SCR 16.061993
SDG 695.406695
SEK 11.01473
SGD 1.479906
SHP 0.857978
SLE 28.37571
SLL 24284.24233
SOS 660.456745
SRD 43.977298
STD 23969.804004
STN 24.502423
SVC 10.111869
SYP 15057.284538
SZL 18.69409
THB 38.316017
TJS 10.672801
TMT 4.064841
TND 3.388216
TOP 2.788365
TRY 55.470497
TTD 7.82974
TWD 36.943742
TZS 3068.839589
UAH 51.700481
UGX 4293.443034
USD 1.158074
UYU 46.304778
UZS 13758.300894
VES 891.843711
VND 30198.529696
VUV 136.583757
WST 3.166743
XAF 656.013364
XAG 0.017637
XAU 0.000264
XCD 3.129755
XCG 2.082779
XDR 0.818819
XOF 656.019029
XPF 119.331742
YER 274.694898
ZAR 18.742628
ZMK 10424.05836
ZMW 21.842065
ZWL 372.899516
  • RIO

    -0.4100

    95.68

    -0.43%

  • CMSC

    -0.0250

    21.45

    -0.12%

  • NGG

    -0.1500

    81.05

    -0.19%

  • BTI

    -0.2900

    57.06

    -0.51%

  • RYCEF

    0.1300

    20.84

    +0.62%

  • GSK

    -0.4785

    49.52

    -0.97%

  • RBGPF

    0.0000

    71.34

    0%

  • VOD

    0.2000

    16.42

    +1.22%

  • CMSD

    -0.0100

    21.58

    -0.05%

  • BCE

    0.1500

    23.47

    +0.64%

  • BCC

    -0.8900

    83.24

    -1.07%

  • AZN

    -0.7900

    156.45

    -0.5%

  • JRI

    0.0635

    12.61

    +0.5%

  • RELX

    -0.2400

    34.43

    -0.7%

  • BP

    0.2196

    42.53

    +0.52%

Temer: the man poised to be Brazil's next president
Temer: the man poised to be Brazil's next president

Temer: the man poised to be Brazil's next president

Michel Temer used to be known in Brazil as a behind-the-scenes operator, but that was before he pulled the trigger on a masterful plot to topple his boss, President Dilma Rousseff, and take her job.

Text size:

After months of playing his cards close to his chest, the vice president is poised to take over as president Thursday, when the Senate is expected to open an impeachment trial against Rousseff.

Brazil's first woman president will then be suspended for up to six months, and Temer, a constitutional scholar who kept a low profile until now, will take her place.

Rousseff's running mate-turned-nemesis has already lined up a business-friendly cabinet and hatched plans to pivot away from 13 years of left-leaning policy in a bid to get the ailing South American giant's economy out of recession.

But with popularity ratings as dismal as Rousseff's and many of his allies implicated in corruption, Temer will face a tall task restoring stability in Brazil.

The 75-year-old lawyer had long been a backroom wheeler-dealer. He was perhaps best known to voters for having a 32-year-old former beauty contestant as a wife.

But as Brazil's economic boom turned to spectacular bust and a corruption scandal at state oil company Petrobras tainted nearly the entire political class, Temer slowly emerged from the shadows to seize the starring role.

- Kingmaker to king -

Rousseff and her running mate always made an awkward couple. As head of the PMDB, a centrist party, Temer represented the biggest force in the former leftist guerrilla's shaky coalition.

For years, the PMDB played the role of kingmaker, content with pulling the strings and keeping the keys to the government pork barrel.

Temer played his hand cautiously, gradually making his disapproval of Rousseff known as the momentum to impeach her built.

In October, he published a document called "A bridge to the future" in which he criticized "excesses" in government policies. And in December, he complained of being treated as "a decorative vice president."

But while lower-level PMDB supporters liked to refer to him as "President Temer," he insisted he had no such ambitions, except perhaps for the next scheduled elections in 2018.

Finally, in March, he came out into the open, calling on the PMDB to abandon the government and go into opposition.

Temer followed that up by brazenly leaking an audio recording of himself practicing the speech he'd give if he were to replace Rousseff.

In it, he said his "great mission from now is the calming of the country, the unification of the country."

The president calls him a leading "conspirator" in the impeachment process, which she says has turned the commonly accepted practice of papering over shortfalls in the government's accounts into an excuse for a "coup."

- Poet and ladies' man -

For someone known as a colorless political insider, Temer has a surprising side.

Not only is he married to a woman less than half his age, but this is his third marriage. He has five children born across four decades.

Nor is he the stuffed suit that he might appear to be on television. In addition to a highly regarded work on constitutional law, this child of Lebanese immigrants has authored a book of poetry.

He has served three times as speaker of the lower house of Congress and has been president of the PMDB for 15 years.

Temer does not apologize for his dour manner, telling Piaui magazine in 2010 that joking is not his thing: "I don't know how to do this. If I tried, it would be a disaster."

That persona may account for his rock-bottom popularity -- only two percent of the country would vote for him in a presidential election, according to a recent poll.

Political analysts say his most immediate threat comes from the Petrobras scandal, in which a host of powerful PMDB colleagues are implicated.

Temer himself is not under investigation, but a key witness has accused him of participating in schemes to bilk the company of billions of dollars.

The VP also stands accused of the same budgetary shenanigans that Rousseff is being impeached for -- and opponents are calling for him to face the same fate.

(B.Hartmann--BBZ)