petroleum and other raw materials hit record highs during those years brazil became the world s fifth largest economy unemployment and poverty fell dramatically but the boom was built on shaky ground. it was even predicted that brazil would soon overtake germany as an economic power if the collapse of commodity prices played a major role but it wasn t the only reason this never happened the main cause was the mistake made by the leftist government primarily lula da silva and the workers party that they should have used the boom years to institute important structural reforms so. when the price of crude oil and other raw materials collapsed it spell the end for lula s model the social welfare state financed by commodity revenues the brazilian economy was plunged into a deep crisis. rio
knew that brazil was riddled with corruption. knowing that a monster exists is one thing but looking enough money in the face is something else it was shocking use facets of what. investigators uncovered and insidious web of bribes and backroom agreements. at first the investigators were astonished at how deeply the country s political and business elite were implicated in the dealings. s.l. but also into it s the biggest anti corruption investigation in the history of brazil and the world we re talking about repayment obligations that s unprecedented or the bash the best cain cities repayments on the largest that have ever been in couldn t a corruption trial so in terms one of potus. the repayments and
the presidency a supreme court decision will determine whether his sentence stands or whether he can continue his candidacy i feel vote that afic and if i stand in two thousand and eighteen i will win and prove that it is possible to liberate brazil from the situation of i can t believe there is only one way to achieve this through high incomes for the poor and mold jobs. that it going to face. carlos chahta the man who set the law to shuttle scandal in motion does not believe that brazil s culture of corruption can be ended so easily before he was arrested and jailed had run his gas station as a money laundering operation that s all in the past he promises the days of such brazen corruption are over if i convey i view my mortgage flava jato through a harsh light on corruption not new forms of bribery will be found unfortunately
it s a political war. with an approval rating of less than five percent michel to man it is now regarded as the most unpopular president in the country s history in two thousand and seventeen brazil s prosecutor general accused of being the head of an enormous machinery of corruption the indictment was based on secret recordings of meetings with the president and on testimony of top executives seeking immunity from prosecution. as its links mean this is now far more than a corruption scandal it s a system wide crisis and brazil s and tire political system is infected. one solution could be if the political parties cleaned house but they show no signs of any willingness to do so and so again. instead the country s political elite is using every means at its disposal in its fight for survival instead a pact with
the war he s doing he s very quiet he doesn t give interviews. in july twenty seventh teen former president lula da silva was found guilty of corruption. a court of appeals upheld the conviction and increased his sentence from nine to twelve years. lula remains free for now pending a possible appeal to brazil s highest court and the outside chance that his verdict will be overturned. will see only it s a sign that there is justice in brazil and that no one not even an ex-president is above the law anyways thanks to. the conviction notwithstanding lula remains the country s most popular politician under his tenure from two thousand and three to two thousand and twelve brazil enjoyed years in which the price of petroleum and other raw materials hit record highs during those years brazil became