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
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.
Clinical sexologist Dr Eve shares insights into sexual fetishes and how partners negotiate them in their bedroom and relationship.
A caller wanted to know what the alleged victim had done in order for Grace Mugabe to assault her.
Mayor of Cape Town speaks to CapeTalk's Kieno Kammies about plans to provide more water amidst the ongoing drought.
This reformed car hijacker was convicted for hijacking, robbery and murder and served almost 16 years jail time. Hear his story.
EWN's Gia Nicolaides says journalists walked out of the media briefing on social grants after waiting for hours for her to arrive.
These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.