Even if Rousseff is impeached, it is far from clear that her successor would have the political will and support to make the necessary economic changes. Investors like to fantasize of economic reforms carried out by a post-Rousseff government headed by current Vice President Michel Temer and supported by Temer’s PMDB and parts of the opposition Brazilian Social Democracy Party of former president Fernando Henrique Cardoso. Such a government would be an improvement over the current one, but it might not have the will – or the votes in Congress – to pursue economic reforms. And according to a recent poll, only 16% of Brazilians would support it.
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