Brazil has written a new page of corruption. President Michel Temer was allegedly caught on tape authorizing businessmen to bribe former House Speaker Eduardo Cunha. This new political instability could have the potential to derail ensuing recovery.
CaixaBank | Everything is ready for the inauguration of the 2016 Olympic Games in Rio de Janeiro on Friday. This is the most important global sporting event and Brazil is the first South American country ever to have hosted the games. But what will the economic impact be for the country which is in recession?
The XXXI Olympic Games will be inaugurated on August 5 in Rio de Janeiro, amid uncertainty over what the impact will be for the Brazilian economy. It’s difficult to forget Athens and its influence on the Greek economy’s serious crisis. Brazil’s interim president Michel Temer is trying to avoid this situation at all costs.