Advertisement
This Article is From Mar 24, 2016

Barack Obama Says He Hopes Brazil Will 'Resolve Its Crisis'

Barack Obama Says He Hopes Brazil Will 'Resolve Its Crisis'
"We need a strong and effective Brazil for our own economies and for world peace," said President Obama on Wednesday.
Buenos Aires, Argentina: US President Barack Obama said on Wednesday he hopes Brazil will resolve a paralyzing political crisis that has his counterpart Dilma Rousseff fighting for her political survival.

Obama said he had briefly discussed the situation in Latin America's largest country with President Mauricio Macri of Argentina, where the US leader arrived on Wednesday on the second stop of a regional tour that started in Cuba.

"We hope Brazil resolves its current political crisis in an effective way," Obama told a press conference.

"The good news... (is that) their democracy is sufficiently mature, their system of laws and structures I think are strong enough that this will get resolved in a way that allows Brazil ultimately to prosper and be the significant world leader that it is," he added.

"We need a strong and effective Brazil for our own economies and for world peace."

The political uncertainty gripping Brazil has exacerbated a deep recession that is acting as a drag on the entire region's economies, including in Argentina, which counts its giant neighbor as its largest trade partner.

Macri for his part said he was confident that Brazil "will emerge stronger from this crisis."

Rousseff is battling mass protests calling for her ouster, the fallout of an explosive corruption scandal at state oil company Petrobras, impeachment proceedings in Congress and Brazil's worst recession in at least 25 years.

Track Latest News Live on NDTV.com and get news updates from India and around the world

Follow us:
Listen to the latest songs, only on JioSaavn.com