ASSESSMENTS

In Brazil, the Threat of Impeachment Becomes a Reality

Dec 3, 2015 | 00:25 GMT

Suspended President Dilma Rousseff points to an economic chart displaying oil prices while answering a question from a senator on the Senate floor during her impeachment trial on Aug. 29, 2016, in Brasilia.

Suspended President Dilma Rousseff points to an economic chart displaying oil prices while answering a question from a senator on the Senate floor during her impeachment trial on Aug. 29, 2016, in Brasilia. The threat of impeachment is not going away for Rousseff.

(MARIO TAMA/Getty Images)

The months-long stalemate between Brazil's ruling Workers' Party and the opposition has finally been broken, and President Dilma Rousseff is one step closer to losing her post. On Dec. 2, Eduardo Cunha, the president of Brazil's lower house of parliament, agreed to put a request for Rousseff's impeachment to a vote. Regardless of its outcome, the latest move toward Rousseff's impeachment will erode investors' confidence even further at a critical time for Brazil. ...

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