For the past few days, Venezuela has been engulfed by even more turmoil and uncertainty—as forces opposing President Nicolás Maduro staged a botched coup and Caracas saw waves of violent protests (which have already claimed 5 lives). With the opposition calling for a general strike next week, Brazil’s northern neighbor seems to be edging closer than ever to a civil war. Which could have severe consequences for Brazil.
Border. First, the inflow of migrants would dramatically enhance—with great impact on Roraima, Brazil’s northernmost state. Authorities say that Venezuelan families already account for 10% of beneficiaries of cash transfer program Bolsa Família in that state. Not to mention the potential strengthening of criminal organizations—which could enhance drug trafficking between the two countries.
Economy. An armed conflict in South America should also
Former Senator and chairman of Brazilian Social Democracy Party (PSDB) Eduardo Azeredo has left the party. He was likely going to be expelled or asked to leave by the party’s top brass. Azeredo was sentenced to 20 years in prison for corruption and money laundering https://t.co/aAWDpJiKs6
Brazi's Central Bank's decision to intervene in the depreciation of the Real hasn't worked so far, as the U.S. Dollar rate continue to rise around BRL 4.10 on São Paulo's stock market. The Central Bank has decided to tame the loss of value, holding three currency auctions by Wed. https://t.co/xnFWHjVQ8U
. @folha points out mistakes in the request placed by prosecutors to lift the bank secrecy of Flavio Bolsonaro and others. According to the newspaper, some targets were not appointed by the president's son while he served as a Rio de Janeiro lawmaker. https://t.co/gbIUFYIhv8