Top Brazilian musicians join call for a new president

Bruno Cirelli
Giugno 1, 2017

Mr. Temer, who became president after his predecessor and former ally, Dilma Rousseff, was ousted in impeachment proceedings past year, has vowed to make changes to the country's insolvent pension system and to modernize Brazil's costly and complicated labor regulations.

Mr Temer has refused to resign and denies any wrongdoing. Impeachment resolutions have so far been blocked by a presidential ally who is speaker of the lower house.

Some 49 protesters were injured during a large protest on Wednesday in which demonstrators smashed their way into ministries and fought with riot police in some of the most violent scenes yet in a year of political turbulence thanks to corruption allegations against much of Temer's government and Congress.

Brazilian singer Caetano Veloso performs during a protest against Brazilian President Michel Temer calling for new presidential elections, at Copacabana beach in Rio de Janeiro, Brazil, on May 28, 2017.

The documents and recordings were made public May 19, a day after the Supreme Court launched a formal investigation into Temer.

"The reform agenda belongs to the country, not to a president", José Berenguer, the CEO of JPMorgan Chase & Co's (JPM.N) Brazilian unit, said at the same conference. Unless the government can revise an unsustainable pension system and remove labor restrictions that choke private employment, Brazil's economy will not be able to recover from the crushing recession it has endured for the past several years.

Temer's decision comes amid a crisis in his government stemming from leaked audio in which he approves of a bribe to silence a former influential member of parliament connected to the Petrobas scandal.

Since March, Mr Jardim was the nation's transparency minister, a portfolio created by Mr Temer.

"Morally we have to elect our next president", said Moura, who helped organise the concert with the support of left-leaning parties and social movements.

According to media reports, police responded by firing live rounds as well as tear gas, pepper spray and stun grenades.

"That's maintaining governability and it was no small thing amid the huge tumult orchestrated against Brasilia on Wednesday", Temer added.

The ruling by the high court on Tuesday did not specify a date for the questioning of the president by Federal Police.

Since then, especially after the 2014 election, the country has become increasingly polarised.

State lender Banco do Brasil SA (BBAS3.SA) Chief Executive Officer Paulo Caffarelli said the new framework for infrastructure investments should attract capital market investors.

"At the moment, no one is really mobilising because there is a certain political stalemate".

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