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.
Popular Posts
- MEXICO : Narcos Hoist Banners In Guanajuato... Demanding Peace For Pope's Visit.
- RUSSIA / CZECH REP / SWEDEN / MEXICO / BRASIL: Gauging Navalny's Real Support; American Sought For 4 Murders In Brno; Rioting Near Stockholm Spreads On 4th Night; Vigilantes Continue Narco Fight In Tierra Caliente; October Auction Scheduled For Giant Libra Subsalt Field.
- ARGENTINA: MaradonaTo Continue As Soccer Coach.
- ARGENTINA: 2 Prisoners Escape As Dummy Stands Guard.
- Brasilian Senator Admits We Are "A Bunch Of Crooks."
- POLAND: The Mass Movement To The UK... Continues.
- BRASIL: Business Still Stuck In Red Tape With The Old Bureaucracy.
- MEXICO: Legislature Votes To Strip Immunity From Politician Accused Of Narco Ties.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- COLOMBIA : 13 July UPDATE: War Between The Presidents: Prez Santos Risks Rebel Stronghold Visit; Popularity Declines As FARC Rebuilds; Former Ally Seeks Santos Job.