Brazil’s Unmerited Swagger

Mighty Brazil A couple of weeks ago, Brazilian Finance Minister Guido Mantega puffed out his chest and idly suggested that the BRIC countries might bail out Europe. A few weeks later, Dilma Rousseff stood before the United Nations Assembly and tossed daggers at economic mismanagement in the U.S. and Europe while at once highlighting Brazil’s sure-footedness: “Part of the world has not yet found the balance between appropriate fiscal adjustments and proper and precise fiscal stimuli to demand and growth […] It is noteworthy that it is...

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