Brazil

Uncertainty and the view that self-interest outweighs ethical considerations may boost popular disaffection

The PMDB's tactic is self-serving but may backfire if it is forced to take charge of the economic and political crisis

The PMDB is seeking political advantage, but its ability to govern if necessary is open to question

Mining companies' capital bases have deteriorated; they are likely neither to be acquirers nor acquired

Political pressures and the deep recession are undermining the fiscal outlook still further

Major asset writedowns, corruption, a heavy debt burden and low oil prices spell long-term trouble for Petrobras

Lula's cabinet appointment has backfired, and the president's impeachment will likely gather pace

Lula's appointment as cabinet chief appears to have backfired impressively