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Temer's Failure on Brazil Pension Reform Leaves Tricky Task to Successor

President Michel Temer's decision to throw in the towel on reforming Brazil's loss-making pension system leaves the unpopular measure as a campaign issue for October's elections and a major headache for his successor. Monday's announcement that Temer was abandoning an overhaul of the social security system — billed as the centerpiece of his efforts at fiscal reform — sparked immediate concern from credit rating agencies that Latin America's largest economy was failing...

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