05 August 2009

In Brasil, Calls For Sarney's Resignation Grow.

From Bloomberg.

Bloomberg reports that Petrobras has the most to lose from the senate crisis. Sarney is a key ally to President Lula.
The cost of his clinging to power said one politician is "paralysis of the legislative agenda. The problem is it’s not clear that his replacement can easily repair the damage.”


José Sarney is a former president who supported the military dictatorship and led the nation during its transition to civilian democracy. He is an important ally for Lula da Silva, who has plans for difficult legislation about the oil industry.