Tuesday, March 29, 2016

Brazil's Coalition Government Officially Collapses As Vice President's Party Abandons Dilma Rousseff

In the latest blow to Brazil’s embattled President Dilma Rousseff, VP Michel Temer’s PMDB will split with the coalition government, further isolating the Worker’s Party as the country lurches towards a political meltdown.

The PMDB’s decision was expected, but it still marks a key turning point in the effort to oust Rousseff, who angered opposition lawmakers when she attempted to appoint former President and Worker’s Party founder Luiz Inacio Lula da Silva to a ministerial position earlier this month.

As Reuters writes, that “was the last straw for many of her allies who saw it as a desperate move to shield him from prosecution by a lower federal court that is overseeing most of the Petrobras case.” For a full recap of recent events, see the following posts .... http://www.zerohedge.com