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Brazil's Temer says unpopular moves by Congress hurting confidence

Published 12/01/2016, 03:20 PM
Updated 12/01/2016, 03:30 PM
© Reuters. Brazil's President Michel Temer gestures during the launch of the new financing line of Bank Caixa Economica Federal at the Planalto Palace in Brasilia

SAO PAULO (Reuters) - Attempts by Brazil's Congress to water down anti-corruption and campaign funding legislation that sparked public outrage in recent days have hampered confidence in the South American country, President Michel Temer said on Thursday.

Temer, speaking at a seminar sponsored by JPMorgan Chase & Co (NYSE:JPM) in São Paulo, vowed to send to lawmakers a plan to overhaul the country's costly pension system as early as next week.

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