Africa Asia Europe North America South America Oceania
You are here: Home > South America > Brazil

Brazil

Yearbook 2015

Brazil. It was a worrying year for President Dilma Rousseff with a shrinking economy, rising unemployment, rising inflation, falling opinion figures and mass demonstrations. In addition came a crisis of confidence that culminated on December 2 when the Speaker of Congress's Second Chamber Eduardo Cunha decided to initiate a national court process against the President. The reason for Cunha's decision was allegations that the president used money from state banks to cover deficits in the state budget, but also the corruption scandal (Operation car wash) in the state oil company Petrobras that persecuted the ruling Labor Party (PT) for several years. Just a week before, the party's group leader in the Senate, Delcídio do Amaral, had been arrested for trying to hinder the criminal investigation by bribing a witness. President Rousseff himself persistently denied all personal involvement in the scandal throughout the year, and the charges against her were considered more political than legal. According to COUNTRYAAH, Cunha, who belongs to one of the coalition government's parties, admitted that the prospects for completing the complicated judicial process to be completed were small. Cunha himself was also the subject of suspicions of embezzling large sums from Petrobras and of lying about how they were placed in bank accounts in Switzerland. He risked being held accountable before a congressional committee. Even among those who supported Cunha's initiative against President Rousseff, several people distanced himself from him personally.

2015 Brazil

The already convicted and imprisoned José Dirceu, former President Lula da Silva's (2003–10) right-hand man, became the subject of new charges of involvement in the Mensalão Recruitment in early August, a corruption scandal during Lula's term in office. Lula himself and his son Luís Claúdio Lula da Silva were also involved in corruption deals, and the Labor Party treasurer João Vaccari Neto resigned in April for the same reason.

A major environmental disaster happened on November 5 when a dam at the town of Mariana in the state of Minas Gerais erupted and 50 million cubic meters of water flowed into the Rio Doce River. About ten people were killed. In addition, the water was polluted from an iron ore mine and hundreds of thousands of people lost access to drinking water. Two weeks later, the water reached the coast and all life in the river died. The total cost of the disaster was estimated at the equivalent of $ 3.6 billion. The State Prosecutor's Office suggested that the cost as a whole should be paid by the dust owners, a joint venture between a Brazilian and a British-Australian company.

The political crisis, coupled with falling commodity prices and declining growth in China, also explained the Brazilian currency's dramatic fall against the dollar. In September, it had fallen by 69% in twelve months and registered at its lowest value ever. The government predicted a negative growth of 2.4% for the year. President Rousseff was forced to admit that the country was in recession and that the National Audit Office might not approve the report for the previous year.

Other Countries in South America

Country Myth Copyright 2014 - 2020 All Rights Reserved