Rousseff's unaccomplished promise of no recession or retrocession

Thursday, January 7th 2016 - 08:08 UTC

Full article 7 comments

On 2 February 2015, Brazilian president Dilma Rousseff sent the Executive message to Congress with her government's plan and promising she would not promote “recession or retrocession.” However eleven months later, Brazil is undergoing full recession and faces retrocession in several areas, having been downgraded by two credit risk agencies. Read full article

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Tik Tok
She couldn't organize a piss up in a brewery - socialist idiot
Jan 07th, 2016 - 01:28 pm - Link - Report abuse 0
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yankeeboy
I said long ago Brazil was doomed, they think this is the end of their recession and its only the begining.
Until they get rid of the Free $ for Layabouts they'll continue to the abyss.

They should get rid of that horrible women now...
Jan 07th, 2016 - 01:31 pm - Link - Report abuse 0
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ChrisR
Oh NO, we have no bananas now!

The old song has more sense to it than DumbAss Dilma and was there anybody outside the PTT who even listened to her last February?

It's like watching a slow train crash: you know it's going to happen but you can do nothing about it other than order the coffins now for everybody on the passenger list.
Jan 07th, 2016 - 07:55 pm - Link - Report abuse 0
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Brasileiro
The transition from the economic profile is being performed. MercoPress is diverting the focus.

https://www.youtube.com/watch?v=LEaYwr-gkjc
Jan 07th, 2016 - 08:53 pm - Link - Report abuse 0
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yankeeboy
PBR 3.81 USD

As PBR goes so does Brazil.

PBR has a a market cap of 10% of its debt and falling.
Doomed.
Jan 07th, 2016 - 11:03 pm - Link - Report abuse 0
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Brasileiro
And Petrobras will continue operating and producing 6 million barrels of oil. All this for 200 years. Huge reserves. Saudi Arabia is chump change!
Jan 07th, 2016 - 11:19 pm - Link - Report abuse 0
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yankeeboy
6. It will either be bankrupted or re-nationalized soon.
They can't roll over loans and Brazil can't help them.
tick tock
Jan 07th, 2016 - 11:23 pm - Link - Report abuse 0
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