Brazil's Real Problem Is Economics -- Not Graft

Stephanomics

• Episode: Brazil's Real Problem Is Economics -- Not Graft
• Website: Stephanomics
• Feed URL: http://feeds.bloomberg.fm/BLM8939407484
• Duration: 00:25:40
• Published: 2017-05-22 23:35

What on earth is going on in Brazil? Less than a year after impeaching one president for fiddling fiscal accounts, her successor is on the ropes amid allegations of graft. Dig a little deeper and the real problem is a recession deeper than any the country has ever experienced. With Brazil one of the world's 10 largest economies -- and Latin America's largest -- it matters beyond the nation's borders. Sao Paulo native Vivianne Rodrigues, who runs Latin American political news at Bloomberg, joins Dan and Scott to explain what gives. We also hear that the gas station in Brasilia at the center of the scandal doesn't actually have a car wash! Learn more about your ad-choices at https://www.iheartpodcastnetwork.com