Brazil's Temer says unpopular moves by Congress hurting confidence

December 1, 2016 3:19 PM EST

Brazil's President Michel Temer gestures during the launch of the new financing line of Bank Caixa Economica Federal at the Planalto Palace in Brasilia, Brazil, November 24, 2016. REUTERS/Ueslei Marcelino


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SAO PAULO (Reuters) - Attempts by Brazil's Congress to water down anti-corruption and campaign funding legislation that sparked public outrage in recent days have hampered confidence in the South American country, President Michel Temer said on Thursday.

Temer, speaking at a seminar sponsored by JPMorgan Chase & Co in São Paulo, vowed to send to lawmakers a plan to overhaul the country's costly pension system as early as next week.

(Reporting by Guillermo Parra-Bernal; Editing by Daniel Flynn)



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