Brazil risks 'bankruptcy' if reforms not passed: Temer

By WorldNews
September 30, 2016 in News Outlet

https://offtopic.forum/topic/265066-brazil-risks-bankruptcy-if-reforms-not-passed-temer/

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WorldNews

Posted September 30, 2016

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Brazil's President Michel Temer warned Friday of state "bankruptcy" if far-reaching fiscal reforms restricting public spending are not approved. Temer, speaking at a forum in Sao Paulo, called on Congress to pass the constitutional change required to cap public spending. Without the change, he said public debt will overwhelm the country by 2024.