Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

More Brazilians want president Rousseff impeached, poll shows

Published 21/07/2015, 17:23
© Reuters. Brazil's President Rousseff gestures during a Summit of Heads of State of MERCOSUR and Associated States and 44th Meeting of the Common Market Council in Brasilia
PBR
-

By Anthony Boadle

BRASILIA (Reuters) - Brazilian President Dilma Rousseff's popularity slumped to a new low and support for her impeachment grew amid a deepening corruption scandal and a severe economic downturn, according to an opinion poll published on Tuesday.

The numbers are another blow for Rousseff, who is facing criticism from within her own leftist Workers' Party over fiscal austerity measures she has adopted to try to save Brazil's prized investment grade.

The CNT/MDA poll showed that her government's approval rating has fallen to 7.7 percent compared with 10.8 percent in a previous survey in March, while 70.9 percent rate her government negatively compared to 64.8 percent in March.

The number of respondents who favour Rousseff's impeachment over a massive kickback scandal at state-run oil company Petroleo Brasileiro SA (SA:PETR4) has risen to 62.8 percent from 59.7 percent four months ago.

Preferred shares of Petrobras rose about 3 percent in early Tuesday trading after the poll came out. Many investors believe Rousseff's impeachment would lead to better management of the company.

Brazilians favouring impeachment want Rousseff ousted for corruption at Petrobras, which she chaired before becoming president in 2011. Many who favour her impeachment also cite alleged campaign finance irregularities and government accounting mismanagement during her first term, the poll said.

The survey showed that a vast majority of Brazilians - 84.6 percent - believe Rousseff is unable to handle the country's worst economic downturn in 25 years, with gross domestic product is expected to shrink 1.7 percent this year.

More than 50 politicians, mostly from Rousseff's governing coalition, are under investigation for kickbacks received from Brazil's top engineering and construction firms skimmed from overpriced contracts with Petrobras.

Rousseff is not being investigated but her opponents have stepped up demands for her impeachment, which would require proof that kickback money funded her election campaign. Rousseff and the Workers' Party say all campaign donations were legal.

The political risk consultancy Eurasia earlier this month raised to 30 percent from 20 percent the chances a Rousseff impeachment, which would require an unlikely alignment between her main ally the PMDB party and the main opposition party PSDB.

© Reuters. Brazil's President Rousseff gestures during a Summit of Heads of State of MERCOSUR and Associated States and 44th Meeting of the Common Market Council in Brasilia

The MDA poll, commissioned by the national transport lobby group CNT, surveyed 2,002 people between July 12 and 16. The margin of error was 2.2 percentage points.

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.