Welcome to the Jungle of Brazil's Impeachment Process
Thursday,24/03/2016|02:00GMTby
Bloomberg News
With Brazil’s impeachment vote growing closer by the day, it’s easy to get lost in a maze of dozens...
With Brazil’s impeachment vote growing closer by the day, it’s easy to get lost in a maze of dozens of political parties -- their acronyms and leaders -- all of which will have a say in the future of President Dilma Rousseff’s mandate.
For starters, there are 594 seats in Congress shared between 25 parties. Some of them, like Rousseff’s Workers’ Party; its ruling coalition partner, the Brazilian Democratic Movement Party; and the main opposition Brazil Social Democracy Party, are very large, deeply entrenched in Brazil’s society, and affiliated with some of the country’s most prominent politicians. The rest of Congress, or 378 seats, is made up of a motley crew of more than 20 parties with views ranging from Marxism to liberalism.
The largest parties:
Brazilian Democratic Movement Party - PMDB
Largest political party and a crucial member of the government alliance, the PMDB is an amalgamate of politicians with no defined ideology. It took part in the coalitions that supported former presidents Fernando Henrique Cardoso and Luiz Inacio Lula da Silva. It is now considering whether to split from the government alliance and to back impeachment proceedings. The party’s president is the country’s Vice President Michel Temer.
Workers’ Party - PT
In power since former President Lula first took office in 2003, the PT is one of the largest left-wing movements in Latin America. Some of its leaders, including Lula, are accused of benefiting from a massive kickback corruption scandal at state-run oil company Petrobras. The party president is Rui Falcao.
Brazilian Social Democracy Party - PSDB
Main opposition party, the PSDB was created by social democrats who split from the PMDB in 1988. It was in power from 1994 to 2002, during the two terms of former President Cardoso. The party president is Senator Aecio Neves, who finished second in the 2014 presidential race.
But here is where it gets complicated. Those three parties combined only hold 175 of the 513 seats in the lower house, and in the Senate they hold 41 of the 81 seats. That means the remaining parties -- called “others” here -- make up for almost two-thirds of the lower house and nearly half of the Senate:
Brazil Congress - party composition
A multi-party committee with 65 members was created on March 17, and will make a recommendation to the lower house whether to impeach Rousseff. The full chamber could vote in mid-April.
When that occurs, 342 votes would be needed to send the process to the Senate, where two-thirds of lawmakers need to support the bill in order to terminate Rousseff’s mandate. The president could still appeal any Senate decision in the Supreme Court.
Impeachment Committee - composition
The government has said it has enough votes to stop the process in Congress, but its coalition has been crumbling as some parties have already defected. To guarantee she stays in power, Rousseff will have to gather support in practically every single party.
So who are the “others”? Those 22 parties are comprised by a mix of ideologies, with many being established by state and municipal politicians. As of March 22, seven of the parties, with 178 deputies and 19 senators, were part of the ruling coalition. Five of them, with 96 deputies and 13 senators, oppose the government.
Here are some of them:
Progressive Party - PP
The PP is part of the ruling coalition, with 48 members in the lower house. One of its most prominent leaders is former Sao Paulo Mayor Paulo Maluf, sentenced to three years in jail by a French court for Money Laundering.
Popular Socialist Party - PPS
PPS has deep roots in Brazil’s history. It’s the country’s former Brazilian Communist Party, renamed after the collapse of the Soviet Union. Supports an unorthodox mix of social democracy and Keynesian policies.
Brazilian Labor Party - PTB
This center-right group is the largest independent party in Brazil, with 19 deputies and three senators, and was founded by a niece of former President Getulio Vargas. Perhaps the most famous president in Brazil’s history, Vargas committed suicide while in office in 1954.
Socialism and Liberty Party - PSOL
The independent party PSOL was formed by members who were expelled from the Workers’ Party in 2004 after voting against a pension reform proposed by former President Lula. It has six deputies in the lower house, but no senators.
Sustainability Network - REDE
One of Brazil’s newest parties, its key figure is Marina Silva, the environmentalist and former senator who ran for the presidency in the controversial 2014 election after her running mate, Eduardo Campos, died in a plane crash. The party has five deputies and one senator.
To contact the reporter on this story: Arnaldo Galvao in Brasilia at agalvao1@bloomberg.net. To contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Walter Brandimarte
With Brazil’s impeachment vote growing closer by the day, it’s easy to get lost in a maze of dozens of political parties -- their acronyms and leaders -- all of which will have a say in the future of President Dilma Rousseff’s mandate.
For starters, there are 594 seats in Congress shared between 25 parties. Some of them, like Rousseff’s Workers’ Party; its ruling coalition partner, the Brazilian Democratic Movement Party; and the main opposition Brazil Social Democracy Party, are very large, deeply entrenched in Brazil’s society, and affiliated with some of the country’s most prominent politicians. The rest of Congress, or 378 seats, is made up of a motley crew of more than 20 parties with views ranging from Marxism to liberalism.
The largest parties:
Brazilian Democratic Movement Party - PMDB
Largest political party and a crucial member of the government alliance, the PMDB is an amalgamate of politicians with no defined ideology. It took part in the coalitions that supported former presidents Fernando Henrique Cardoso and Luiz Inacio Lula da Silva. It is now considering whether to split from the government alliance and to back impeachment proceedings. The party’s president is the country’s Vice President Michel Temer.
Workers’ Party - PT
In power since former President Lula first took office in 2003, the PT is one of the largest left-wing movements in Latin America. Some of its leaders, including Lula, are accused of benefiting from a massive kickback corruption scandal at state-run oil company Petrobras. The party president is Rui Falcao.
Brazilian Social Democracy Party - PSDB
Main opposition party, the PSDB was created by social democrats who split from the PMDB in 1988. It was in power from 1994 to 2002, during the two terms of former President Cardoso. The party president is Senator Aecio Neves, who finished second in the 2014 presidential race.
But here is where it gets complicated. Those three parties combined only hold 175 of the 513 seats in the lower house, and in the Senate they hold 41 of the 81 seats. That means the remaining parties -- called “others” here -- make up for almost two-thirds of the lower house and nearly half of the Senate:
Brazil Congress - party composition
A multi-party committee with 65 members was created on March 17, and will make a recommendation to the lower house whether to impeach Rousseff. The full chamber could vote in mid-April.
When that occurs, 342 votes would be needed to send the process to the Senate, where two-thirds of lawmakers need to support the bill in order to terminate Rousseff’s mandate. The president could still appeal any Senate decision in the Supreme Court.
Impeachment Committee - composition
The government has said it has enough votes to stop the process in Congress, but its coalition has been crumbling as some parties have already defected. To guarantee she stays in power, Rousseff will have to gather support in practically every single party.
So who are the “others”? Those 22 parties are comprised by a mix of ideologies, with many being established by state and municipal politicians. As of March 22, seven of the parties, with 178 deputies and 19 senators, were part of the ruling coalition. Five of them, with 96 deputies and 13 senators, oppose the government.
Here are some of them:
Progressive Party - PP
The PP is part of the ruling coalition, with 48 members in the lower house. One of its most prominent leaders is former Sao Paulo Mayor Paulo Maluf, sentenced to three years in jail by a French court for Money Laundering.
Popular Socialist Party - PPS
PPS has deep roots in Brazil’s history. It’s the country’s former Brazilian Communist Party, renamed after the collapse of the Soviet Union. Supports an unorthodox mix of social democracy and Keynesian policies.
Brazilian Labor Party - PTB
This center-right group is the largest independent party in Brazil, with 19 deputies and three senators, and was founded by a niece of former President Getulio Vargas. Perhaps the most famous president in Brazil’s history, Vargas committed suicide while in office in 1954.
Socialism and Liberty Party - PSOL
The independent party PSOL was formed by members who were expelled from the Workers’ Party in 2004 after voting against a pension reform proposed by former President Lula. It has six deputies in the lower house, but no senators.
Sustainability Network - REDE
One of Brazil’s newest parties, its key figure is Marina Silva, the environmentalist and former senator who ran for the presidency in the controversial 2014 election after her running mate, Eduardo Campos, died in a plane crash. The party has five deputies and one senator.
To contact the reporter on this story: Arnaldo Galvao in Brasilia at agalvao1@bloomberg.net. To contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Walter Brandimarte
Clearstream to Settle LCH-Cleared Equity Contracts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters