BRASILIA (Reuters) - Brazilian President Michel Temer’s refusal to resign in the face of a Supreme Court investigation raises the prospect of a drawn-out fight for survival by an unpopular leader that would stall reforms, deter investors and leave Latin America's largest economy adrift.
Legal experts and some of Temer's political allies said his determination to fight corruption allegations could prolong a political crisis for months. That could halt congressional passage of measures needed to pull Brazil from its worst-ever recession, including moves to ease labour regulations and raise the pension age.