Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Brazil's impeachment trial to run into Rio Olympics

Published 06/06/2016, 23:25
Updated 06/06/2016, 23:30
Brazil's impeachment trial to run into Rio Olympics

BRASILIA (Reuters) - The impeachment trial of Brazil's suspended President Dilma Rousseff will conclude in the middle of the Olympic Games in Rio de Janeiro in August, according to a timeline decided on Monday by the Senate impeachment commission.

Interim President Michel Temer's allies in the Senate had sought to speed up proceedings but the commission's chairman Senator Raimundo Lira stuck with the original calendar that sets Aug. 16 as the deadline for ending the trial.

The decision was a setback for the new administration which is keen to get Temer confirmed quickly to give him authority to adopt tough austerity measures Brazil's needs to plug a huge fiscal deficit and get the economy growing again.

There are concerns that doubts about Temer's legitimacy could dissuade some heads of states from attending the Aug. 5 opening of the Olympics.

Rousseff, who was suspended May 12 when the Senate voted to put her on trial for breaking budget laws, was replaced by Temer, her vice president. He will serve out her term through 2018 if she is convicted.

The commission will start hearing witnesses and experts on Wednesday and report to the full Senate on July 28.

The chamber will vote on the report by Aug. 2 and then has 14 days to hear final arguments from both sides before voting on whether to convict Rousseff or not.

The first Olympics to be hosted by a South American nation will run through Aug. 21. The Games were meant to showcase the rise of Brazil as a major world player, but they will take place in the midst of the country's worst economic recession since the 1930s and a political crisis fuelled by a sprawling corruption scandal.

Brazil is scrambling to prepare sports facilities and Rio public transport services, while fighting an outbreak of the mosquito-borne Zika virus that threatens to keep athletes and visitors travelling to Rio.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.