Zürcher Nachrichten - Brazil impeachment: how we got here -- where we're going

EUR -
AED 3.826681
AFN 70.961758
ALL 98.138602
AMD 405.652886
ANG 1.877182
AOA 951.190259
ARS 1045.720247
AUD 1.602814
AWG 1.877897
AZN 1.775245
BAM 1.955573
BBD 2.102956
BDT 124.465544
BGN 1.955294
BHD 0.392554
BIF 3076.642669
BMD 1.041829
BND 1.403837
BOB 7.197164
BRL 6.043693
BSD 1.041579
BTN 87.914489
BWP 14.229347
BYN 3.408604
BYR 20419.848375
BZD 2.099456
CAD 1.456529
CDF 2991.091432
CHF 0.930957
CLF 0.036923
CLP 1018.83097
CNY 7.54601
CNH 7.562783
COP 4573.368835
CRC 530.538382
CUC 1.041829
CUP 27.608468
CVE 110.252195
CZK 25.343745
DJF 185.478458
DKK 7.457729
DOP 62.772709
DZD 139.835759
EGP 51.726992
ERN 15.627435
ETB 127.508391
FJD 2.371151
FKP 0.822333
GBP 0.831435
GEL 2.855018
GGP 0.822333
GHS 16.456089
GIP 0.822333
GMD 73.970229
GNF 8977.957272
GTQ 8.040066
GYD 217.904692
HKD 8.110066
HNL 26.320943
HRK 7.431636
HTG 136.72412
HUF 411.522823
IDR 16610.452733
ILS 3.856892
IMP 0.822333
INR 87.968134
IQD 1364.44153
IRR 43834.955489
ISK 145.523076
JEP 0.822333
JMD 165.930728
JOD 0.738765
JPY 161.244275
KES 134.884334
KGS 90.122166
KHR 4193.512952
KMF 492.268155
KPW 937.645704
KRW 1463.259646
KWD 0.320727
KYD 0.867999
KZT 520.059599
LAK 22878.342838
LBP 93271.167197
LKR 303.144792
LRD 187.998165
LSL 18.795317
LTL 3.076251
LVL 0.630192
LYD 5.086409
MAD 10.478083
MDL 18.997794
MGA 4861.435378
MKD 61.522855
MMK 3383.819949
MNT 3540.134882
MOP 8.35093
MRU 41.443187
MUR 48.810083
MVR 16.10707
MWK 1806.090235
MXN 21.283008
MYR 4.654932
MZN 66.583684
NAD 18.795317
NGN 1767.675143
NIO 38.325549
NOK 11.53576
NPR 140.663663
NZD 1.785942
OMR 0.400943
PAB 1.041579
PEN 3.949541
PGK 4.193513
PHP 61.404399
PKR 289.239507
PLN 4.337676
PYG 8131.055634
QAR 3.798559
RON 4.978071
RSD 116.991412
RUB 108.671879
RWF 1421.834864
SAR 3.911473
SBD 8.734231
SCR 14.272055
SDG 626.663972
SEK 11.497837
SGD 1.402931
SHP 0.822333
SLE 23.68116
SLL 21846.638123
SOS 595.230868
SRD 36.978718
STD 21563.75683
SVC 9.113941
SYP 2617.626467
SZL 18.788818
THB 35.922648
TJS 11.092512
TMT 3.646401
TND 3.309016
TOP 2.440072
TRY 35.9978
TTD 7.074178
TWD 33.946439
TZS 2770.578216
UAH 43.089995
UGX 3848.553017
USD 1.041829
UYU 44.294855
UZS 13362.448044
VES 48.506662
VND 26482.251319
VUV 123.688032
WST 2.90836
XAF 655.880824
XAG 0.033274
XAU 0.000384
XCD 2.815595
XDR 0.792308
XOF 655.880824
XPF 119.331742
YER 260.379151
ZAR 18.915093
ZMK 9377.71492
ZMW 28.772658
ZWL 335.468513
  • GSK

    0.2600

    33.96

    +0.77%

  • SCS

    0.2300

    13.27

    +1.73%

  • RELX

    0.9900

    46.75

    +2.12%

  • BTI

    0.4000

    37.38

    +1.07%

  • RBGPF

    59.2400

    59.24

    +100%

  • NGG

    1.0296

    63.11

    +1.63%

  • CMSD

    0.0150

    24.46

    +0.06%

  • CMSC

    0.0320

    24.672

    +0.13%

  • RIO

    -0.2200

    62.35

    -0.35%

  • BP

    0.2000

    29.72

    +0.67%

  • AZN

    1.3700

    65.63

    +2.09%

  • BCC

    3.4200

    143.78

    +2.38%

  • BCE

    0.0900

    26.77

    +0.34%

  • JRI

    -0.0200

    13.21

    -0.15%

  • RYCEF

    -0.0100

    6.79

    -0.15%

  • VOD

    0.1323

    8.73

    +1.52%

Brazil impeachment: how we got here -- where we're going
Brazil impeachment: how we got here -- where we're going

Brazil impeachment: how we got here -- where we're going

Brazilian President Dilma Rousseff was suspended Thursday to face an impeachment trial, sending the Latin American giant's political crisis into dramatic new territory.

Text size:

The country's first woman leader is now removed from her job for up to six months and her vice president-turned-enemy, Michel Temer, takes her place while the Senate decides her fate.

But while Rousseff faces the possible end of her political career, Brazil's problems appear far from over. Here's a look at how the country got into this mess -- and what could happen next.

What Rousseff's accused of

The impeachment case against Rousseff rests on charges that she illegally juggled government accounts and took state loans to mask the depth of shortfalls during her 2014 reelection.

She says that's not an impeachable offense -- that it was actually an accounting trick used consistently by previous governments.

But the impeachment drive is also fueled by massive disillusion in Brazil over a steep recession and revelations of a corruption network involving top politicians and business executives who colluded to steal from state oil company Petrobras.

Huge anti-government street rallies over the last year underlined that discontent.

Then the breakup of an uncomfortable coalition between her leftist Workers' Party and Temer's center-right PMDB left Rousseff helpless when the lower house of Congress voted in April on sending her to the Senate for possible trial.

What comes next?

Rousseff is suspended to face trial in the Senate, but can continue to live in the presidential residence and keeps her salary and bodyguards.

Temer, who has gone from coalition partner to principal opponent, formally took over as acting president.

He has the backing of the business world and said his priority is to address Brazil's worst recession in decades and end the paralysis gripping Congress during the drawn-out buildup to the Senate impeachment vote.

He quickly set about ditching her ministers and naming his own business-friendly, reform-minded cabinet.

The trial could take months to unfold, ending with a vote on whether to impeach the president.

Only half the 81 senators needed to vote to place Rousseff on trial, but to definitively remove her from office a two-thirds majority will be needed.

But the outlook is bleak for Rousseff: 55 senators voted to impeach Thursday, one more than the two-thirds threshold.

If Rousseff is removed from office, Temer would take her place until new elections scheduled for 2018.

Will Rousseff's exit solve everything?

The short answer is no.

A highly unpopular president is sidelined. But few ordinary Brazilians see Temer as a savior, with a recent poll finding only two percent of the country would vote for him in a presidential election.

The Petrobras corruption scandal also has yet to play out.

Prosecutors are investigating everybody from Rousseff -- who does not face charges so far -- to another opposition leader, Aecio Neves.

The Supreme Court authorized a probe into his alleged bribe taking and money laundering overnight, just before he voted to impeach Rousseff, the opponent he narrowly lost to in the 2014 presidential elections.

Temer has been named several times as a possible participant in the scheme, although there is currently no probe open against him.

Surprisingly, an electoral court has fined Temer for breaking campaign finance rules and he could be barred from running for public office for eight years. Entering the presidency via impeachment, however, doesn't count.

N.Fischer--NZN