The Big Challenges Facing Brazil's Michel Temer

The video discusses the challenges facing the Brazilian economy, highlighting the absence of immediate threats like a ratings downgrade, unlike in 2015. It emphasizes the need for medium-term fiscal reforms requiring constitutional amendments, which the interim president is likely to pass. Despite being part of the old political guard, the interim president's economic team is composed of reputable figures, potentially boosting his legitimacy. The video concludes with the hope that effective governance could improve Brazil's dire economic situation.

What is the significance of the economic team being formed by the new president?

What factors contribute to the new president's potential legitimacy in office?