Political Mayhem Adds To Olympic Woes

Political Mayhem Adds To Olympic Woes

Brazil | Despite the optimistic expectations in 2009, when Rio de Janeiro was chosen to host the 2016 Summer Olympic Games, the competition in August is not likely to show Brazil in the best light.

Brazil's Finance Minister Faces Storm

Brazil's Finance Minister Faces Storm

Brazil
Well known for his caution, Brazil Finance Minister Henrique Meirelles is well aware of the enormity of his nation’s fiscal hole. Brazil is likely to report a primary deficit of $36 billion this year, instead of the $6.8 billion surplus previously forecast.