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Brazil's Temer says unpopular moves by Congress hurting confidence
December 1, 2016 / 8:21 PM / 10 months ago

Brazil's Temer says unpopular moves by Congress hurting confidence

Brazil's President Michel Temer gestures during the launch of the new financing line of Bank Caixa Economica Federal at the Planalto Palace in Brasilia, Brazil, November 24, 2016. REUTERS/Ueslei Marcelino

SAO PAULO (Reuters) - Attempts by Brazil’s Congress to water down anti-corruption and campaign funding legislation that sparked public outrage in recent days have hampered confidence in the South American country, President Michel Temer said on Thursday.

Temer, speaking at a seminar sponsored by JPMorgan Chase & Co in São Paulo, vowed to send to lawmakers a plan to overhaul the country’s costly pension system as early as next week.

Reporting by Guillermo Parra-Bernal; Editing by Daniel Flynn

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