Rousseff Ousted in Historic Impeachment Vote
Michel Temer was sworn in as the official President of Brazil on the 31st August 2016, marking a new era for Latin America’s largest economy as the country embarks on a journey of growth and prosperity that will secure its place as a model for emerging nations around the world.
After a historic and at times fierce impeachment trial, the Brazilian Senate voted 61-20 in favor of convicting Ms. Rousseff on charges that she used illegal bookkeeping maneuvers to cover government financing. By delaying repayments to state-owned banks for her world renowned social programmes, which propelled millions of people out of poverty, Rousseff’s administration was able to exceed their budget while appearing to stay within the legal bounds.…