IBOV 176,874 ▲ 0.65% IPSA 10,928 ▲ 0.16% IPC MEX 66,605 ▲ 0.96% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,313.36 ▲ 0.25% BVL PERÚ 56,428.20 ▲ 2.68% USD/BRL5.07▼ 1.22% USD/MXN17.41▼ 0.70% USD/CLP922.87▼ 1.08% USD/COP3,245▼ 0.53% USD/PEN3.40▼ 0.19% USD/ARS1,476▼ 0.47% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.33▲ 0.42% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.81▼ 0.13% BRENT 85.68 ▲ 2.86% WTI 79.91 ▲ 2.27% IRON ORE 161.91 — — COPPER 6.42 ▲ 2.97% GOLD 4,083 ▲ 2.15% SILVER 59.38 ▲ 3.03% SOY 1,193 ▼ 0.73% CORN 460.50 ▲ 5.20% WHEAT 638.75 ▲ 1.87% COFFEE 332.50 ▼ 2.61% SUGAR 14.84 ▲ 0.61% ORANGE JUICE 137.10 ▼ 3.82% COTTON 81.07 ▲ 1.55% COCOA 5,580 ▼ 2.04% BEEF 228.73 ▼ 2.56% CATTLE 350.58 ▼ 1.07% LITHIUM 71.65 ▲ 2.01% PETR4 40.85 ▲ 0.47% VALE3 74.49 ▲ 2.25% ITUB4 43.81 ▲ 0.67% BBDC4 18.90 ▲ 0.69% ABEV3 15.95 ▲ 0.76% BBAS3 20.49 ▲ 1.24% B3SA3 15.38 ▲ 1.72% WEGE3 44.47 ▲ 0.18% PRIO3 57.25 ▲ 0.09% SUZB3 41.03 ▼ 1.11% RENT3 40.47 ▲ 0.67% AZZA3 18.99 ▼ 1.20% CSAN3 3.90 — 0.00% RAIZ4 0.34 ▲ 3.03% PCAR3 2.52 ▼ 2.70% GMAT3 3.96 ▲ 0.51% PSSA3 54.63 ▲ 1.09% CVCB3 1.30 ▲ 4.00% POSI3 3.97 ▼ 0.50% SLCE3 13.83 ▼ 0.29% NATU3 8.49 ▼ 1.28% BRKM5 6.83 ▼ 1.59% RANI3 7.98 ▲ 0.38% CSNA3 5.13 ▼ 2.10% CMIN3 5.15 ▼ 5.50% USIM5 8.29 ▼ 1.07% GGBR4 23.10 ▲ 1.23% ENEV3 26.87 ▼ 0.04% CPFE3 47.02 ▲ 0.38% CMIG4 11.13 ▲ 0.54% EQTL3 40.65 ▲ 1.09% LREN3 14.17 ▲ 0.14% VIVT3 35.16 ▲ 1.24% RAIL3 14.14 ▲ 0.21% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.52 ▲ 1.76% RDOR3 36.07 ▲ 1.43% HAPV3 10.61 ▲ 1.43% FLRY3 16.27 ▲ 0.74% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.18 ▼ 1.77% BBSE3 40.33 ▲ 0.12% BPAC11 57.82 ▲ 0.52% CURY3 33.16 ▲ 0.12% AERI3 2.09 ▲ 0.48% VIVARA 23.32 ▲ 0.91% COMPASS 24.93 ▲ 0.65% VAMOS 3.04 ▲ 0.66% SANB11 27.55 ▲ 0.66% ASAI3 8.65 ▼ 0.69% SBSP3 30.43 ▲ 0.20% WALMEX 49.54 ▼ 0.22% GMEXICO 203.65 ▲ 4.12% FEMSA 227.14 ▲ 0.79% CEMEX 22.67 ▲ 4.09% GFNORTE 184.85 ▲ 1.53% BIMBO 55.99 ▲ 0.21% TELEVISA 9.57 ▼ 0.42% AMX 22.73 ▲ 0.62% GAP 388.01 ▼ 4.94% ASUR 277.97 ▼ 0.25% OMA 233.21 ▼ 0.05% KOF 180.57 ▼ 0.61% GRUMA 282.47 ▲ 0.39% KIMBER 38.25 ▲ 0.08% SQM-B 67,900 ▲ 1.03% COPEC 6,057 — 0.00% BSANTANDER 78.00 ▼ 0.26% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 — 0.00% CMPC 1,078 — 0.00% BANCO CHILE 185.93 ▲ 0.50% LATAM AIR 24.90 — 0.00% YPF 77,175 — 0.00% GGAL 8,080 — 0.00% PAMPA 5,225 — 0.00% TXAR 664.50 — 0.00% ALUAR 964.50 — 0.00% TGS 9,570 — 0.00% CEPU 2,319 — 0.00% MIRGOR 17,000 ▼ 1.45% COME 44.78 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 308.25 — 0.00% TELECOM ARG 4,250 — 0.00% ECOPETROL 16.10 ▲ 1.36% BANCOLOMBIA 82.40 ▲ 2.46% GRUPO AVAL 4.93 ▲ 0.41% CREDICORP 393.25 ▲ 1.03% SOUTHERN COPPER 182.88 ▲ 4.78% BUENAVENTURA 31.32 ▲ 5.03% MERCADOLIBRE 1,863 ▼ 0.23% NUBANK 14.19 ▲ 3.77% XP 16.62 ▲ 1.53% PAGSEGURO 9.33 ▲ 0.54% STONE 11.33 ▲ 1.61% GLOBANT 31.65 ▼ 1.48% TECNOGLASS 43.03 ▲ 0.44% GAP AIRPORT 223.75 ▼ 3.88% ASUR 277.97 ▼ 0.25% OMA AIRPORT 107.23 ▲ 1.04% AMX ADR 26.12 ▲ 0.33% FEMSA ADR 130.92 ▲ 1.48% CEMEX ADR 13.09 ▲ 5.14% PETROBRAS ADR 18.11 ▲ 1.29% VALE ADR 14.67 ▲ 3.42% ITAU ADR 8.64 ▲ 1.95% SANTANDER BR 5.47 ▲ 2.15% AMBEV ADR 3.13 ▲ 2.12% CSN 1.02 ▼ 1.46% GERDAU 4.58 ▲ 1.89% LATAM ADR 52.99 ▼ 0.65% BTC 63,646 ▲ 2.26% ETH 1,863 ▲ 5.05% SOL 76.76 ▲ 2.54% XRP 1.10 ▲ 2.85% BNB 578.79 ▲ 2.15% ADA 0.16 ▲ 3.67% DOGE 0.07 ▲ 2.70% AVAX 6.63 ▲ 2.88% LINK 8.27 ▲ 5.07% DOT 0.85 ▲ 1.49% LTC 44.54 ▲ 2.42% BCH 238.48 ▲ 0.95% TRX 0.33 ▲ 0.34% XLM 0.18 ▲ 1.77% HBAR 0.07 ▲ 0.70% NEAR 2.02 ▲ 5.28% ATOM 1.54 ▲ 0.59% AAVE 98.68 ▲ 4.58% SELIC 14.25% EMBRAER 82.91 ▼ 0.12% EMBRAER ADR 65.38 ▲ 1.40% JBS 11.87 ▲ 0.55% JBS BDR 59.85 ▼ 1.25% MBRF3 15.91 ▲ 1.21% MBRFY 3.05 — 0.00% INTER 5.78 ▲ 2.30% EGX 52,299 ▼ 0.59% USD/ZAR16.33▼ 0.90% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY161.90▼ 0.33% USD/CNY6.76▼ 0.32% DAX 25,087 ▼ 0.11% CAC 8,366 ▲ 0.02% FTSE 10,537 ▲ 0.37% MIB 52,863 ▲ 0.10% IBEX 19,352 ▲ 0.09% STOXX 641.95 ▲ 0.15% EUR/USD1.15▲ 0.67% GBP/USD1.34▲ 0.25% SPX 7,540 ▲ 0.33% DJI 52,557 ▲ 0.11% NDX 29,575 ▲ 1.06% RUT 2,976 ▲ 0.78% TSX 35,404 ▲ 0.43% VIX 16.53 ▼ 3.67% USD/CAD1.41▼ 0.69% US10Y 4.5750 ▼ 0.74% IBOV 176,874 ▲ 0.65% IPSA 10,928 ▲ 0.16% IPC MEX 66,605 ▲ 0.96% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,313.36 ▲ 0.25% BVL PERÚ 56,428.20 ▲ 2.68% USD/BRL 5.07 ▼ 1.22% USD/MXN 17.41 ▼ 0.70% USD/CLP 922.87 ▼ 1.08% USD/COP 3,245 ▼ 0.53% USD/PEN 3.40 ▼ 0.19% USD/ARS 1,476 ▼ 0.47% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.33 ▲ 0.42% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.81 ▼ 0.13% BRENT 85.68 ▲ 2.86% WTI 79.91 ▲ 2.27% IRON ORE 161.91 — — COPPER 6.42 ▲ 2.97% GOLD 4,083 ▲ 2.15% SILVER 59.38 ▲ 3.03% SOY 1,193 ▼ 0.73% CORN 460.50 ▲ 5.20% WHEAT 638.75 ▲ 1.87% COFFEE 332.50 ▼ 2.61% SUGAR 14.84 ▲ 0.61% ORANGE JUICE 137.10 ▼ 3.82% COTTON 81.07 ▲ 1.55% COCOA 5,580 ▼ 2.04% BEEF 228.73 ▼ 2.56% CATTLE 350.58 ▼ 1.07% LITHIUM 71.65 ▲ 2.01% PETR4 40.85 ▲ 0.47% VALE3 74.49 ▲ 2.25% ITUB4 43.81 ▲ 0.67% BBDC4 18.90 ▲ 0.69% ABEV3 15.95 ▲ 0.76% BBAS3 20.49 ▲ 1.24% B3SA3 15.38 ▲ 1.72% WEGE3 44.47 ▲ 0.18% PRIO3 57.25 ▲ 0.09% SUZB3 41.03 ▼ 1.11% RENT3 40.47 ▲ 0.67% AZZA3 18.99 ▼ 1.20% CSAN3 3.90 — 0.00% RAIZ4 0.34 ▲ 3.03% PCAR3 2.52 ▼ 2.70% GMAT3 3.96 ▲ 0.51% PSSA3 54.63 ▲ 1.09% CVCB3 1.30 ▲ 4.00% POSI3 3.97 ▼ 0.50% SLCE3 13.83 ▼ 0.29% NATU3 8.49 ▼ 1.28% BRKM5 6.83 ▼ 1.59% RANI3 7.98 ▲ 0.38% CSNA3 5.13 ▼ 2.10% CMIN3 5.15 ▼ 5.50% USIM5 8.29 ▼ 1.07% GGBR4 23.10 ▲ 1.23% ENEV3 26.87 ▼ 0.04% CPFE3 47.02 ▲ 0.38% CMIG4 11.13 ▲ 0.54% EQTL3 40.65 ▲ 1.09% LREN3 14.17 ▲ 0.14% VIVT3 35.16 ▲ 1.24% RAIL3 14.14 ▲ 0.21% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.52 ▲ 1.76% RDOR3 36.07 ▲ 1.43% HAPV3 10.61 ▲ 1.43% FLRY3 16.27 ▲ 0.74% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.18 ▼ 1.77% BBSE3 40.33 ▲ 0.12% BPAC11 57.82 ▲ 0.52% CURY3 33.16 ▲ 0.12% AERI3 2.09 ▲ 0.48% VIVARA 23.32 ▲ 0.91% COMPASS 24.93 ▲ 0.65% VAMOS 3.04 ▲ 0.66% SANB11 27.55 ▲ 0.66% ASAI3 8.65 ▼ 0.69% SBSP3 30.43 ▲ 0.20% WALMEX 49.54 ▼ 0.22% GMEXICO 203.65 ▲ 4.12% FEMSA 227.14 ▲ 0.79% CEMEX 22.67 ▲ 4.09% GFNORTE 184.85 ▲ 1.53% BIMBO 55.99 ▲ 0.21% TELEVISA 9.57 ▼ 0.42% AMX 22.73 ▲ 0.62% GAP 388.01 ▼ 4.94% ASUR 277.97 ▼ 0.25% OMA 233.21 ▼ 0.05% KOF 180.57 ▼ 0.61% GRUMA 282.47 ▲ 0.39% KIMBER 38.25 ▲ 0.08% SQM-B 67,900 ▲ 1.03% COPEC 6,057 — 0.00% BSANTANDER 78.00 ▼ 0.26% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 — 0.00% CMPC 1,078 — 0.00% BANCO CHILE 185.93 ▲ 0.50% LATAM AIR 24.90 — 0.00% YPF 77,175 — 0.00% GGAL 8,080 — 0.00% PAMPA 5,225 — 0.00% TXAR 664.50 — 0.00% ALUAR 964.50 — 0.00% TGS 9,570 — 0.00% CEPU 2,319 — 0.00% MIRGOR 17,000 ▼ 1.45% COME 44.78 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 308.25 — 0.00% TELECOM ARG 4,250 — 0.00% ECOPETROL 16.10 ▲ 1.36% BANCOLOMBIA 82.40 ▲ 2.46% GRUPO AVAL 4.93 ▲ 0.41% CREDICORP 393.25 ▲ 1.03% SOUTHERN COPPER 182.88 ▲ 4.78% BUENAVENTURA 31.32 ▲ 5.03% MERCADOLIBRE 1,863 ▼ 0.23% NUBANK 14.19 ▲ 3.77% XP 16.62 ▲ 1.53% PAGSEGURO 9.33 ▲ 0.54% STONE 11.33 ▲ 1.61% GLOBANT 31.65 ▼ 1.48% TECNOGLASS 43.03 ▲ 0.44% GAP AIRPORT 223.75 ▼ 3.88% ASUR 277.97 ▼ 0.25% OMA AIRPORT 107.23 ▲ 1.04% AMX ADR 26.12 ▲ 0.33% FEMSA ADR 130.92 ▲ 1.48% CEMEX ADR 13.09 ▲ 5.14% PETROBRAS ADR 18.11 ▲ 1.29% VALE ADR 14.67 ▲ 3.42% ITAU ADR 8.64 ▲ 1.95% SANTANDER BR 5.47 ▲ 2.15% AMBEV ADR 3.13 ▲ 2.12% CSN 1.02 ▼ 1.46% GERDAU 4.58 ▲ 1.89% LATAM ADR 52.99 ▼ 0.65% BTC 63,646 ▲ 2.26% ETH 1,863 ▲ 5.05% SOL 76.76 ▲ 2.54% XRP 1.10 ▲ 2.85% BNB 578.79 ▲ 2.15% ADA 0.16 ▲ 3.67% DOGE 0.07 ▲ 2.70% AVAX 6.63 ▲ 2.88% LINK 8.27 ▲ 5.07% DOT 0.85 ▲ 1.49% LTC 44.54 ▲ 2.42% BCH 238.48 ▲ 0.95% TRX 0.33 ▲ 0.34% XLM 0.18 ▲ 1.77% HBAR 0.07 ▲ 0.70% NEAR 2.02 ▲ 5.28% ATOM 1.54 ▲ 0.59% AAVE 98.68 ▲ 4.58% SELIC 14.25% EMBRAER 82.91 ▼ 0.12% EMBRAER ADR 65.38 ▲ 1.40% JBS 11.87 ▲ 0.55% JBS BDR 59.85 ▼ 1.25% MBRF3 15.91 ▲ 1.21% MBRFY 3.05 — 0.00% INTER 5.78 ▲ 2.30% EGX 52,299 ▼ 0.59% USD/ZAR 16.33 ▼ 0.76% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 161.94 ▼ 0.31% USD/CNY 6.7584 ▼ 0.18% DAX 25,087 ▼ 0.11% CAC 8,366 ▲ 0.02% FTSE 10,537 ▲ 0.37% MIB 52,863 ▲ 0.10% IBEX 19,352 ▲ 0.09% STOXX 641.95 ▲ 0.15% EUR/USD 1.1453 ▲ 0.58% GBP/USD 1.3415 ▲ 0.49% SPX 7,540 ▲ 0.33% DJI 52,557 ▲ 0.11% NDX 29,575 ▲ 1.06% RUT 2,976 ▲ 0.78% TSX 35,404 ▲ 0.43% VIX 16.53 ▼ 3.67% USD/CAD 1.4070 ▼ 0.59% US10Y 4.5750 ▼ 0.74%
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Tuesday, July 14, 2026

Opinion: A Victory for Democracy

By · September 1, 2016 · 2 min read

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Opinion, by Gregory Cufaro

RIO DE JANEIRO, BRAZIL – The decision to impeach President Dilma Rousseff today is a victory for democracy and for the people of Brazil. Any other result would have added to the ongoing political confusion and associated embarrassment and ridicule by her opponents and critics.

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However, there is still much to do before the true effects of the political corruption and usurpation of power by the communist PT party and their de facto dictator leader Luis Inacio Lula and Dilma’s abuse of power can be swept clean from the political record!

While the decision to uphold the impeachment of Rousseff was the right and honorable action by the Senate, they failed to follow up by prohibiting Ms Rousseff from holding office for eight years.

This was a brilliant last minute act of legalese maneuvering which succeeded in separating the action of the impeachment with the vote for disbarment of holding political office.

To most this may seem inconsequential but it really does negatively impact the result of the legal process and bring into question the veracity of the political resolve to clean house.

Today, Michel Temer was sworn in as the 37th President of the Federative Republic of Brazil with perhaps the most important mandate in the entire history of the Republic.

He must find a way to until the factions and begin a policy of inclusion, healing and economic and social recovery. His responsibilities are heavy and the road ahead is filled with obstructions and danger. The hope is that however the future days develop the future of Brazil will be better.

One action which could add greatly to the of success of the installment of President Temer is for the Supreme Court to review the events of today and find a way to overturn the results of the second vote which failed to prohibit Ms Rousseff from holding political office for the next eight years.

If there is any legal way for the Courts of Law Society to investigate the process and overturn the results of her holding political office it should be pursued with vigor and energy.

If not, there is a real threat that the spectre of the PT party, Lula and Rousseff will regroup, bide their time and make another assault on the democracy of Brazil.

This must not happen! Please, please, PLEASE Brazil, look forward and not back. The past is past. The future has not yet been written.

Gregory Cufaro

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