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Weekly Report - 13 October 2016 (WR-16-40)

BRAZIL: Temer pushes ahead with austerity plan

In a bold move to drag Brazil out of its worst economic crisis since the great depression, President Michel Temer has proposed a series of belt-tightening measures to put public finances in order. The federal chamber of deputies approved the first of these reforms – a cap on public spending – earlier this week, which constitutes a victory for Temer and his ruling Partido do Movimento Democrático Brasileiro (PMDB).

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