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The Economist explains
Michel Temer’s plans for Brazil
May 12th 2016, 23:53 BY J.P.
ON MAY 12th Michel Temer became the third Brazilian vice-president in 30 years to be thrust into the top job, after the Senate voted to commence the impeachment trial of the president, Dilma Rousseff. As she steps aside for up to 180 days while senators consider her fate, she leaves behind a mess. The country's economy may shrivel by 7.5% in 2015-16. Inflation and unemployment hover around 10%; so, as a proportion of GDP, does the budget deficit. The political system is a shambles, with Congress home to an unwieldy 25 political parties. What can—and should—Mr Temer do about it all? (…)
If his proposed cabinet is anything to go by, Mr Temer plans to replace Ms Rousseff’s confidence-stifling interventionism with market-friendlier policies. He appears commendably keen to chip away at Brazil’s bloated state. He has named a respected former Central Bank governor, Henrique Meirelles, as his finance minister and created a new super-ministry whose task is to spur private investment in Brazil’s shoddy infrastructure. The number of ministries is to be slashed from 32 to something like 23, to show that the government, not just citizens, can make sacrifices. In principle, all this is welcome. In practice, Mr Temer may face an uphill struggle. To begin mending the economy, Mr Meirelles needs most urgently to tackle the vast budget deficit. Congressmen, never exactly keen on spending cuts and tax rises, may resist the necessary belt-tightening, especially in the run-up to October’s important local elections. And Mr Temer’s caretaker administration—which supporters of Ms Rousseff’s left-wing Workers’ Party regard as coupmongering usurpers—lacks the voter legitimacy for more radical structural reforms, such as to Brazil’s overgenerous public pensions, rigid labour laws, byzantine taxes or graft-prone electoral system. That will still be the case if and when he is handed the keys to the Alvorada.
http://www.economist.com/blogs/economistexplains/2016/05/economist-explains9?zid=305&ah=417bd5664dc76da5d98af4f7a640fd8a
Qual tempo verbal está presente na seguinte frase do texto: He has named a respected former Central Bank governor, Henrique Meirelles, as his finance minister [...].
