Posts Tagged ‘social security system’

Temer warns pension reform failure will hurt Brazil’s credibility

December 22, 2017

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Brazil’s President Michel Temer


BRASILIA (Reuters) – Brazil’s President Michel Temer warned on Friday the country would face economic volatility and loss of international credibility if a bill overhauling its costly social security system is not passed by Congress early next year.

Speaking to reporters, Temer acknowledged that corruption accusations had undermined his popularity and delayed passage of a pension reform bill that is now scheduled to be put to a vote on February 19.

He said his government would not support a candidate in the 2018 presidential elections that does not back pension reform.

Reporting by Anthony Boadle; Editing by Daniel Flynn