Argentina supports the institutional situation in Brazil, but fears effects of the neighbor's recession

Friday, May 13th 2016 - 11:30 UTC

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The Argentine government publicly showed its support for the new status quo in Brazil, minutes after the country’s vice-president, Michel Temer, temporarily took power after President Dilma Rousseff was suspended from office after the Senate voted to open impeachment proceedings against her early yesterday morning. Read full article

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chronic
The political crisis was priced into the markets some time ago.

Poor commies, Dilma/Maduro.
May 14th, 2016 - 02:04 pm - Link - Report abuse 0
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Enrique Massot
Indeed, poor Dilma. She somehow sealed her fate when she attempted to appease rightist opponents by taking austerity measures that only deepened Brazil's recession and facilitated her befall.
Dilma forgot that once you touch at a single privilege of the ultra wealthy, nothing will appease them. They won't rest till they get you. Dilma should have listened to Lula.
However, once the dust settles, the Brazilian people will begin to separate the wheat from the chaff and given Dilma the recognition she deserves for he work for the Brazil's poorest. Something deeply unpopular for most MP commentators, I am afraid.
May 16th, 2016 - 06:14 pm - Link - Report abuse 0
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