Brazil: Same As It Ever Was [Forbes]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Forbes
Brazil: Same As It Ever Was In this photo shot through a fence, former Brazilian President Michel Temer, left, is seen at the international airport in Sao Paulo, Brazil, Thursday, March 21, 2019. In a statement, the Prosecutors Office in Rio de Janeiro said that Judge Marcelo Breitas had issued an arrest warrant for Temer and eight others tied to the Petrobras Car Wash investigation. (AP Photo/Nelson Antoine) photo credit: ASSOCIATED PRESS Well, that didn't last long. Yesterday's arrest of former president Michel Temer reminded everyone that the Petrobras Car Wash scandal, the very scandal that led to two years of recession and a never-ending political crisis, will pull the rug out from under this country in second's flat. Brazil stocks are now underperforming. Wait until investors price in a failed pension reform, which is probably just three months away. Don't bet on smooth sailing. Temer was rounded up on Thursday by Federal Police officers for his role in the Petrobras crime spre
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