By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – At an event in Brasilia on Tuesday (May 22th), President Michel Temer announced the pre-candidacy of former Finance Minister Henrique Meirelles for October’s Presidential election. The announcement indicates that Temer has all but abandoned plans to run for re-election in 2018.

“Meirelles is the best of the best," said the President at a MDB Party gathering dubbed ‘Meeting with the Future’. “And has all the conditions not only to lead the party, but lead the electoral campaign," concluded Temer.

In April Meirelles joined the MDB party and . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here