Think Brazil’s scandals have nothing to do with US banks? Guess again.
This weekend, millions of Brazilians took to major city streets (again) to protest the hydra of corruption gushing from Petrobras, Brazil’s largest oil company and the government amidst deepening economic recession. Calls for the impeachment of sitting Workers’ Party (PT) president (and former Chair of Petrobras), Dilma Rousseff filled the air. (I can’t wait to see the frenetic state of things when I swing by there in two weeks for talks and book research.)