Brazil’s President Scrambles to Hold Coalition Together

Brazil’s President Dilma Rousseff scrambled on Wednesday to hold together her crumbling ruling coalition by negotiating key government posts with remaining allies, aides said, as key partners discussed abandoning her amid impeachment proceedings.

A day after Rousseff’s biggest coalition partner broke away and ordered its six ministers in her Cabinet to resign, another coalition ally – the Progressive Party (PP) – convened a meeting for April 11-12 to decide whether to leave as well.

A presidential aide said the government was reaching out to individual members of allied parties to offer positions that have opened up after the Brazilian Democratic Movement Party (PMDB) bolted on Tuesday.

With the lower house of Congress due to vote in mid-April on whether Rousseff should stand trial in the Senate for allegedly manipulating government accounts to win re-election in 2014, the PMDB’s decision on Tuesday to abandon her government was a heavy blow.

Reuters

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.