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Latin American Economy & Business - December 2014 (ISSN 1741-7430)
BRAZIL: Petrobras swamped by corruption scandal
For Dilma Rousseff, this is definitely not a good time for a corruption scandal. She has just been re-elected to a second presidential term with an uncomfortably narrow majority. The economy is at a standstill and despite her left-wing convictions Rousseff has found herself having to appoint financially orthodox ministers: fiscal austerity lies ahead. The middle class is restless and unhappy. And into this mix has been added explosive revelations about Petrobras, the state-controlled oil company, previously considered a proud example of national entrepreneurship.
- Peru presides over climate change deal
- REGION: Corruption is alive and well
- BRAZIL: Petrobras swamped by corruption scandal
- MEXICO: New bidding round for high-speed rail
- NICARAGUA: The ‘Grand Canal’ enigma
- BRAZIL: Kicking off the new austerity
- ARGENTINA: Towards a virtuous circle?
- ECUADOR & VENEZUELA: Urgent action to counter the oil price shock
- COLOMBIA: Resilient in face of the falling oil price
- REGION: Adjusting to a new normal for energy, commodity prices