$BRL

This tag is associated with 28 posts

Brazil’s Ex-President Lula Charged In Secret Petrobras Case, Report Says

Brazil’s prosecutor general has charged the former president Luiz Inacio Lula da Silva with participating in a scheme to buy the silence of a former executive at state-run oil company Petrobras, newspaper Estado de S.Paulo has reported. Lula’s name was included in the case against Senator Delcidio do Amaral, who in December was charged with … Continue reading

Brazil’s Impeachment Saga: Assessing A Potential Temer Administration

By Darli Magioni With the Brazil’s Senate likely to put President Dilma Rousseff on trial, South America’s biggest economy may well see its political leadership shift into the hands of current vice president Michel Temer. What, thus, is to be expected from a potential Temer Administration? A vote in the Senate that could force embattled … Continue reading

If Dilma Rousseff Is Impeached, Brazil Faces Years Of Political Turmoil

By Marieke Riethof The lower house of Brazil’s National Congress has voted overwhelmingly to impeach President Dilma Rousseff for allegedly covering up the scale of the country’s budget deficit, sending the case to the upper house. As the vote was taken, anti-government demonstrations on the Avenida Paulista and outside the congress held aloft a giant inflatable … Continue reading

Rousseff’s Impeachment Alone Won’t Fix Brazil’s Economic Woes

By Yesenia Lugo The biggest party in the governing coalition abandoned President Dilma Rousseff last week, increasing the likelihood that the leader of Latin America’s biggest country will be impeached and opening up the country to uncertainty. The $3 billion dollar scandal that’s engulfed Brazil has its origin in a cluster of construction companies and politicians colluding … Continue reading

Rousseff Should Be Impeached, Brazil Congressional Report Recommends

The special investigator for a congressional commission recommended on Wednesday that the impeachment process against Brazil’s president, Dilma Rousseff, move forward, saying there was evidence she violated fiscal laws. “The facts show serious indications of unconstitutionality, illegality and fiscal irresponsibility,” Jovair Arantes said in a nearly 130-page report. Arantes’ conclusion had been widely anticipated because … Continue reading

Brazil’s ‘House Of Cards’ — The Whole World Is Watching

By Pepe Escobar As repellent political spectacles go, this compares to toxic events such as the 1973 Pinochet military coup in Chile and the 2003 U.S. Shock and Awe over Iraq. A woman president in Brazil is running the risk of being expelled from office — to which she was duly elected by 54.5 million people … Continue reading

Brazil’s Rousseff Closer To Impeachment As Coalition Partner Quits

President Dilma Rousseff’s hopes of seeing out her term of office have received a potentially fatal blow after the biggest party in the Brazilian congress voted to abandon her ruling coalition. The vote by the Brazilian Democratic Movement party (or PMDB) could trigger a defection from Rousseff’s coalition by other smaller parties, and greatly increase … Continue reading

Brazil’s Revolution Starting To Reveal Its True Colors

By Pepe Escobar As we approach High Noon in the savage Brazilian politico-economic western, here’s what is at stake following my previous piece on RT. For the past five days, all hell has broken loose. It started with judge Sergio Moro, the tropical Elliott Ness at the head of the two-year-old, 24-phase Car Wash corruption investigation, crudely … Continue reading

‘Prime Minister’ Lula: The Brazilian Game-Changer

By Pepe Escobar Compared to the political/economic rollercoaster in Brazil, House of Cards is kindergarten play. Only three days after massive street demonstrations calling for the impeachment of President Dilma Rousseff, and less than two weeks after his legally dubious four-hour detention for questioning, former Brazilian President Lula is about to spectacularly re-enter the Brazilian government as … Continue reading

Brazil: Welcome To The New Great Recession

By Jeffrey P. Snider, Alhambra Investment Partners If China is most representative of the current state of the “dollar” economy, Brazil is surely most representative of its worst case. The country’s economy has been like China in slowing down steadily over the past few years, but unlike China it has descended already into a nightmarish level … Continue reading

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