"Mr Temer now promises to revive the economy, largely by reversing her policies. His talk of privatisation, deregulation and fiscal discipline has cheered investors. “Our motto is to spend only what we collect,” he said in his first television address as president. His economic team, led by the finance minister, Henrique Meirelles, inspires confidence. The São Paulo stockmarket and the real, Brazil’s currency, have strengthened since Mr Temer took charge. The cost of insuring government bonds against default has fallen by a quarter."