Economics
Brazil's Leader-in-Waiting Sees No Quick Fix for Economy
- Top adviser to VP says fiscal improvements would be gradual
- `Will we solve the entire crisis? I don’t think so' -- adviser
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Vice President Michel Temer is playing down expectations that he can achieve a quick fix for Brazil’s economic troubles should his boss, Dilma Rousseff, be impeached.
Temer, 75, would only achieve gradual improvements of fiscal accounts, is in no rush to raise the retirement age and has ruled out giving the central bank full independence, a move long favored by investors, said Wellington Moreira Franco, the vice president’s top adviser. He spoke in a 30-minute interview from his offices on the top floor of the congressional building that towers over downtown Brasilia.