The impeachment process that led to the removal of Dilma Rousseff from office on Wednesday, August 31, increased the gap among the continent's governments. While the U.S. said that the definite ousting of the now-former president of Brazil followed constitutional proceedings, the so-called Bolivarian governments – Venezuela, Ecuador and Bolivia – reacted by calling their ambassadors back.
Uruguay's Home Secretary Eduardo Bonomi described the removal of Brazilian ex president Dilma Rousseff as a “coup” and underlined her successor Michel Temer “has no legitimacy” to occupy the Executive. He added that the events of this week in Brazil have had an impact on Brazilian democracy and the region overall.
The Argentine government expressed on Wednesday respect for Brazil's institutional process and iterated its willingness to continue advancing toward a real and effective integration based on respect for human rights, democratic institutions and International law.
Venezuela on Wednesday withdrew its ambassador from Brazil and froze ties in response to president Dilma Rousseff's removal from office.
Brazil's central bank kept interest rates at a decade high for the ninth straight time on Wednesday, but did not discard a cut rate later this year if stubbornly high inflation subsides. In a unanimous vote, the bank's monetary policy committee, Copom, kept its benchmark Selic rate at 14.25%, its highest since July 2006.
Brazil's new president, Michel Temer, promised a new era of government for the crisis-hit country Wednesday, shortly after being sworn in following the impeachment of his predecessor, Dilma Rousseff. Earlier, the Brazilian senate voted 61-20 to remove Rousseff from office for breaking federal budget laws.
The Brazilian Senate on Wednesday midday impeached suspended president Dilma Rousseff, and removed her from office for the rest of her term, ending a power struggle that has consumed the nation for months but has not solved any of its mounting problems, rather the contrary. Vice-president and interim president Michel Temer will formally replace the first woman president of the country.
Norways' StatOil and Petrobras have signed a memo of understanding to strengthen their cooperation in Brazil. The two major companies are are already partners in 13 blocks and the intention of the MoU is to evaluate joint participation in future tenders for exploration areas and to increase upstream collaboration in producing fields in the Santos and Campos offshore basins.
Brazil's unemployment rate rose to 11.6% in the three months through July the statistics agency IBGE said on Tuesday. Brazil's jobless rate has risen sharply from 6.5% at the end of 2014 as the country entered its worst recession in decades.
The Brazilian Senate heard for the last time on Tuesday the arguments of the defense and prosecution in the impeachment trial of President Dilma Rousseff, and now prepares to issue its decision on the case.