The Brazilian Hostage Situation

16.03.2016 • Emerging Markets

From Daily Pro (BRA) – A tacit threat of the Dilma administration has always been that it is holding the domestic market hostage. Recently, the economy has been struggling, but people have always worried about the Central Bank and the Treasury taking an even more unorthodox direction. Now, that fear is nearly a reality. Using the Presidential seat as leverage, we may see Lula’s apprentice enacting new policies that will lead Brazil to real bankruptcy.

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