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Brazil's Temer promises investors political and legal stability

Published 09/21/2016, 01:21 PM
Updated 09/21/2016, 01:30 PM
© Reuters. President Michel Temer of Brazil addresses the 71st United Nations General Assembly in New York

NEW YORK (Reuters) - Brazilian President Michel Temer on Wednesday promised political and legal stability for investors to put their capital in a country weathering the impeachment of his predecessor and the worst recession in generations.

© Reuters. President Michel Temer of Brazil addresses the 71st United Nations General Assembly in New York

Speaking to investors in New York, Temer said his government has good relations with Congress and he is confident he will have enough backing to pass unpopular fiscal reforms needed to plug a ballooning budget deficit and regain the confidence of markets in the once-booming economy.

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