You are here

Brazilian president announces major government reshuffle

[BRASÍLIA] Brazilian President Dilma Rousseff announced a major government reshuffle Friday, axing eight ministries in a cost-cutting measure that analysts say also aims to protect the embattled leader from impeachment threats.

At a time of recession, a massive corruption scandal and political instability, Rousseff said the shake-up would help "Brazil get out of the crisis more quickly."


Market voices on: