Petrobras scandal seen as a chance for Brazil to confront endemic corruption
Wed, Dec 24, 2014 - 5:50 AM
Demonstrators at the main entrance of the Petrobras headquarters in Rio de Janeiro protesting against corruption on Dec 16. The banners read "Below impunity" and "Enough robbery".
Rio De Janeiro
ON the surface it could not be much worse for Brazil. With the economy faltering, its cherished government-controlled oil company Petrobras spiralled into a US$3.8 billion corruption scandal just as it was finally ramping up production in its vast deep water reserves....