Brazilian congress votes to impeach President Rousseff

(Click here for more from "The Money Show".)

Brazil's leftist President Dilma Rousseff suffered a humiliating loss in a crucial impeachment vote in the lower house of Congress on Sunday.

She will now almost certainly be forced from office months before the nation hosts the Olympics, according Reuters.

The Money Show’s Bruce Whitfield interviewed Dr Lyal White, Director at the Centre for Dynamic Markets at the Gordon Institute of Business Science.

White spoke about the economics of this development and possible scenarios.

Scroll down for quotes from the audio below.

The vice-president is also facing impeachment.

Dr Lyal White

It’s the economic crisis that brought about this political one.

Dr Lyal White

It’s like Brazil needs an enema!

Bruce Whitfield

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
A step-by-step look at what will happen if Moody’s downgrades SA to “junk”

A step-by-step look at what will happen if Moody’s downgrades SA to “junk”

We look to Brazil and the dire consequences it’s now dealing with after being downgraded to “junk”.

Why is Mauritius rich and Madagascar poor?

Why is Mauritius rich and Madagascar poor?

Comparing Madagascar and Mauritius – a tale of two islands, by the Gordon Institute of Business Science's Dr Lyal White.

'Breaking Bad' meets 'City of God' in 'Nemesis: One Man and the Battle for Rio'

'Breaking Bad' meets 'City of God' in 'Nemesis: One Man and the Battle for Rio'

Bruce Whitfield interviews Misha Glenny, author of a new book about an ordinary man who became Brazil’s most wanted criminal.

5 lessons Mexico can teach South Africa about reviving manufacturing

5 lessons Mexico can teach South Africa about reviving manufacturing

The rise of Mexico seems unstoppable. The same can happen in South Africa, says Dr Lyal White (Gibs).

50 most violent cities on Earth (Joburg isn’t there; 3 other SA cities are)

50 most violent cities on Earth (Joburg isn’t there; 3 other SA cities are)

South Africa has the three most violent cities in Africa, according to a Mexican study. Johannesburg isn't one of them.