Brazil tosses out the garbage
Posted: May 12th, 2016, 7:00 am
With Rousseff to be suspended during the Senate trial for allegedly breaking budget rules, the centrist Temer will take the helm of a country that again finds itself mired in political and economic volatility after a recent decade of prosperity.
In addition to the gaping deficit, equal to more than 10 percent of its annual economic output, Brazil is suffering from rising unemployment, plummeting investment and a projected economic contraction of more than 3 percent this year.
The 55-22 vote ends more than 13 years of rule by the left-wing Workers Party, which rose from Brazil's labor movement.
http://www.reuters.com/article/us-brazi ... SKCN0Y206H
Another liberal president destroying their country and economy. I wonder if the president of Brazil is related to Barack Obama?
