Brazil's leftist President Dilma Rousseff suffered a humiliating loss in a crucial impeachment vote in the lower house of Congress on Sunday.
She will now almost certainly be forced from office months before the nation hosts the Olympics, according Reuters.
The Money Show’s Bruce Whitfield interviewed Dr Lyal White, Director at the Centre for Dynamic Markets at the Gordon Institute of Business Science.
White spoke about the economics of this development and possible scenarios.
Scroll down for quotes from the audio below.
The vice-president is also facing impeachment.— Dr Lyal White
It’s the economic crisis that brought about this political one.— Dr Lyal White
It’s like Brazil needs an enema!— Bruce Whitfield
Recommendedby NEWSROOM AI
We look to Brazil and the dire consequences it’s now dealing with after being downgraded to “junk”.
Comparing Madagascar and Mauritius – a tale of two islands, by the Gordon Institute of Business Science's Dr Lyal White.
Bruce Whitfield interviews Misha Glenny, author of a new book about an ordinary man who became Brazil’s most wanted criminal.
The rise of Mexico seems unstoppable. The same can happen in South Africa, says Dr Lyal White (Gibs).
South Africa has the three most violent cities in Africa, according to a Mexican study. Johannesburg isn't one of them.
Is biology putting the brakes on your sexuality? Callers share their experiences of sex and growing older.
Naked Scientist, Chris Smith shares his insights on some of the risks associated with smoking marijuana.
Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.
The Ritz Hotel is under new management and the money paid to previous management has still not been refunded.
DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.
Prof Jonathan Jansen sings Volmink's praises as Dan Plato is elected to lead the City of Cape Town taking over from De Lille.
Standard Bank’s head of compliance Ian Sinton told the commission two ministers bullied the bank not to close Gupta's accounts.
If you’re a baby boomer on the brink of retirement, here are a few things to consider ahead of time.