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Petrobras CEO resigns, raising questions over Brazil economy
Topic Started: Jun 2 2018, 01:08 AM (77 Views)
Che On The Rocks

Quote:
 
By PETER PRENGAMAN and MARCELO SILVA DE SOUSA
Yesterday

RIO DE JANEIRO (AP) — The president of Brazilian state oil company Petrobras resigned Friday, the latest fallout from a crippling truckers’ strike over fuel prices that has widespread implications for the future of Latin America’s largest economy.

The dayslong strike led to shortages of supplies ranging from food to medicine, shuttered thousands of public schools and grounded numerous airline flights.

It ended earlier this week when President Michel Temer announced plans to subsidize a 10 percent drop in the price of diesel for 60 days. While many speculated that Petrobras CEO Pedro Parente could end up resigning, the government also had much hope that he would not.
AP
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Che On The Rocks

This thread is the continuation of this other. Besides:

Brazil's trucks back on the roads but tensions remain high in fragile economy
Quote:
 
Brazilians were spooked by the 10-day protests – and the mistrust of the country’s political class has led to increasing polarisation
Posted Image
Striking truckers shout ‘Get out Temer’ in Duque Duque Caxias. Left and right hurl insults at each other over social media like rival supporters at a soccer game. Photograph: Leo Correa/AP
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Brazil’s Agricultural Heavyweight Status Undermines the Food Supply
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RIO DE JANEIRO, Jun 16 2018 (IPS) - Brazil is one of the world’s largest agricultural producers and exporters, but its food supply has become seriously deficient due to food insecurity, unsustainability and poor nutrition, according to a number of studies.

A week-long nationwide strike by truck drivers, that began on May 21, revealed the precariousness of the food supply, which practically collapsed in the large Brazilian cities, at least in terms of perishable goods such as vegetables and eggs, said the National Agroecology Alliance (ANA).
Posted Image
A soybean plantation in Tocantins, a state in central Brazil, where this monoculture crop is beginning to cover the best lands, following in the footsteps of the neighbouring state of Mato Grosso, the largest producer and exporter of soy and maize in the country, which "imports" the food it consumes from faraway areas. Credit: Mario Osava/IPS
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Brazil: Social programs suffer cuts up to 94.9% under Temer
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Recipients of housing and education programs that suffered cuts talk about how they were crucial to improve their lives
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Measures by Temer negatively impact social programs and reduce the number of recipients / Agência Brasil
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