Friday, March 18, 2016

[Bouncr: 3v394] Here's Everything You Need To Know About Brazil's Crazy $3 Billion

An investigation called "Operation: Car Wash" has revealed massive corruption that could potentially go all the way to the top and people are angry.

Dilma Rousseff was sworn-in as the first woman president of Brazil on Jan. 1, 2011. Now she faces potential impeachment thanks to a corruption scandal that involves the laundering of billions of dollars and political intrigue straight out of a movie.

Dilma Rousseff was sworn-in as the first woman president of Brazil on Jan. 1, 2011. Now she faces potential impeachment thanks to a corruption scandal that involves the laundering of billions of dollars and political intrigue straight out of a movie.

Marcelo Garcia / AFP / Getty Images

Rousseff took office in a Brazil that was for the most part optimistic about its future. That was in large part thanks to the fact that Brazil — the largest economy in Latin America — had seen a decent comeback from the global recession.

Rousseff took office in a Brazil that was for the most part optimistic about its future. That was in large part thanks to the fact that Brazil — the largest economy in Latin America — had seen a decent comeback from the global recession.

tradingeconomics.com

And that recovery was mostly due to the rise of oil prices, which in turn was a boon to state-owned oil company Petrobras, of which Rousseff was chair from 2003 to 2010.

And that recovery was mostly due to the rise of oil prices, which in turn was a boon to state-owned oil company Petrobras, of which Rousseff was chair from 2003 to 2010.

Vanderlei Almeida / AFP / Getty Images

Coupled with the popularity that the presidency still held thanks to the support of outgoing president Luiz Ignacio Lula de Silva, Rosuseff was off to a pretty good start.

Coupled with the popularity that the presidency still held thanks to the support of outgoing president Luiz Ignacio Lula de Silva, Rosuseff was off to a pretty good start.

She also won re-election to a second term in 2014.

Evaristo Sa / AFP / Getty Images


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