Wednesday, June 1, 2016

Brazil's Economic And Political Crisis Continues



L.A. Times: Brazil's government has sprung a leak, and a flood of secrets is gushing out

There’s a saying in Brazil: “Even the past is unpredictable.”

It seems particularly apt in the wake of leaked audio recordings that point to ulterior motives for the recent impeachment of President Dilma Rousseff and that have already forced the resignations of two members of the new Cabinet.

Congress voted to put Rousseff on trial on charges that she shifted funds to cover holes in the national budget. The recordings — made before she was booted from office — bolster the suspicions of many Brazilians that her impeachment was both a power grab by political opponents and an effort to stop widespread corruption investigations that targeted them.

The first Cabinet resignation came last week. Romero Juca, the planning minister, stepped down after a leaked recording suggested that his main reason for wanting to remove Rousseff from office was to stop the corruption inquiries. “We have to change the government to stop the bleeding,” the then-senator said in the recording.

Read more ....

More News On Brazil's Continuing Economic And Political Crisis

Brazil protesters, police clash outside presidency office -- AP
Brazil's economy shrinks for fifth consecutive quarter -- BBC
Brazil crisis: Economy spirals deeper into recession -- CNN
Brazil’s GDP reveals depths of recession -- Financial Times
Brazil's economy contracts by 5.4 pct. in first quarter -- EFE
Brazil's recession is worst in history, Finance Ministry says -- Reuters
Brazil's Temer says sacrifices needed to end 'bloated' state -- Reuters
Brazil Stocks Are World’s Worst as Corruption Concern Resurfaces -- Bloomoberg
Brazil Billionaire Ready To 'Sing Like A Canary' About Petrobras Scandal -- Forbes
Brazil Is Unraveling. Here’s What’s Happening -- Bloomberg

2 comments:

Jay Farquharson said...

https://consortiumnews.com/2016/06/01/a-us-hand-in-brazils-coup/

RRH said...

https://www.rt.com/news/345177-brazil-protests-rousseff-temer/