Saturday, 12 March 2016

Brazil economy: President refuses to resign

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The Brazilian President, Dilma Rousseff, has insisted she will not resign over her alleged mishandling of the economy after moves to impeach her.

She accused her opponents of causing a political crisis which she said had damaged the economy.

Ms Rousseff also defended her predecessor, Luiz Inacio Lula da Silva, over money-laundering allegations.

She said a prosecutors' request for his detention had no legal basis.

The ongoing crisis has deepened the worst recession in decades in Brazil - Latin America's biggest economy.

Ms Rousseff said she had been democratically elected and had no intention of going.

The Workers' Party leader has also come under increasing pressure in recent months over a huge corruption investigation, centred on the state-controlled oil company Petrobras, the BBC's Wyre Davies reports.

The inquiry has implicated several business leaders and politicians close to the government including Lula.

With large anti-government protests expected this weekend across Brazil, the president's resolve will be tested even further, our South America correspondent adds.

Read more on BBC

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