Brazilian presidents can veto parts of bills, so Temer’s putting his foot down:
Brazil’s President Temer to Veto Relief for Indebted States. Mr. Temer plans to negotiate early next year a new bill that would include some of the austerity measures that were cut
Mr. Temer plans to veto the part of the bill outlining what states will have to do in return for renegotiating the debt, while signing the part on the new debt terms, according to the finance ministry. The administration will negotiate early next year a proposal that would include some of the austerity measures that were cut, the ministry said.
. . .
The bill to be vetoed by the president amounted to a giveaway to free-spending states, according to Jankiel Santos, an economist at Haitong Banco de Investimento do Brasil.
Congress can override his veto. Let’s hope they don’t.
