Brazil’s ousted president blasts process, talks about future

“Even though we suffered from political and economic upheaval, as well as economic downturn, this page has been turned”, Temer said in a speech Friday in the Chinese commercial hub Shanghai.

“We are facing a parliamentary coup that represents the nonconformity of the coup plotters and I’m being a victim of impeachment, the highest penalty that can dictated in Brazil”, the left-wing leader said in during a press conference at the at the presidential residence in Brasilia.

Money managers and businessmen expressed cautious optimism about Brazil’s financial markets recovery the day after leftist President Dilma Rousseff was removed from office following a lengthy impeachment trial.

In this August 29, 2016 photo, suspended Brazilian President Dilma Rousseff reacts during her impeachment trial at the Federal Senate in Brasilia, Brazil. He says that “universality” in terms of foreign policy is the message Brazil will bring to the G20 Summit.

Ms Rousseff also had sharp words for Michel Temer, who was her vice president before taking over in the wake of her removal.

His motion was joined by another from the Democrats party and the Brazilian Social Democracy Party, two heavyweights in the coalition assembled by the new President Michel Temer, following a similar motion by Green Party Senator Alvaro Dias on Thursday.

Last year, Brazil’s GDP, partly hit by China’s slowdown, contracted by 3.8 percent, the biggest dip in 25 years with the International Monetary Fund expecting a similar drop this year.

Reports have said inquiries into the budgetary allegations have also regarded Dilma Rousseff’s wider record in government, which has seen long-running strikes, allegations of corruption regarding the country’s state-owned oil company and claims Brazil was ill-prepared for the 2016 Summer Olympics.

Whether Temer can convince Brazilians that he is worth a real shot is unclear.

The appeal before Brazil’s Supreme Federal Court, filed by Rousseff’s attorney, Jose Eduardo Cardozo, demands “the immediate suspension of the effects of the senate decision”.

Brazil and China are both in the BRICS group of emerging economies that includes India, Russia and South Africa.