Brazil’s Crash Landing: Corruption Engulfs Petrobras Amid Economic Contraction And Rising Inflation
Not too long ago, Brazilian regulators were forced to levy a tax on capital inflows to stem the rising value of the real, as foreign investors flocked to the South American giant that had become a paradise of investment in the aftermath of the global financial crisis that left the rich countries of the world on their knees. Today, Brazil faces the spectre of a protracted recession amid the highest inflation measurements in nearly a decade and an extensive corruption scandal involving Petrobras that threatens to permeate President Dilma Rousseff’s second and last term Continue Reading
