Impeachment of president Dilma Rousseff will only further damage Brazil's reputation
Over the past few days media everywhere have been buzzing up reports ... ... ministry is investigating Odebrecht, Brazil's most prestigious and influential parastatal company, in connection with a massive corruption and money laundering scandal involving Brazil's state controlled oil giant Petrobras, known as Lava Jato (Car Wash)....
... with Switzerland, Brazil has been able to recover 120 million dollars that had been illegally transferred;
400 million dollars are still frozen in Swiss banks
pending the completion of the audit of Petrobras and its contractors.
Economic background of corruption scandals
REUTERS/Nacho Doce/Pixstream
Eric Ehrmann:
Protests Test Resilience of Brazil's Democracy
The start of Dilma Rousseff’s second mandate has coincided with a deterioration in the economic situation characterized as stagflation. According to official data, in 2014 the economy grew by only 0.1 percent and preliminary estimates forecast a shrinking of ...