Development: At a meeting with her closest ministers on 9 August, Brazil’s President Dilma Rousseff decided to hold talks with the leaders of all her coalition allies this week in an attempt to avoid impeachment. Significance: The political crisis in Brazil is deteriorating rapidly. Over the weekend (8-9 August), one economic consultancy, Arko Advice, put the chances of the President being impeached as high as 40%. Last week, one of the founders of the ruling Partido dos Trabalhadores (PT), José Dirceu, was accused of masterminding the Petrobras corruption scandal; the federal chamber of deputies, including over 50 deputies from the…
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