Dilma e Guido na missão de salvar o mundo

Dilma: agony aunt to the EU


Financial Times, Londres

Dilma: agony aunt to the EU October 4, 2011 1:00 am by Samantha Pearson

REUTERS – Brazil’s Rousseff warns EU against restrictive taxes”. Yes, you read that right. The country that is ranked 152nd by the World Bank for its unwieldy and heavy tax system is advising against restrictive taxes.
Dilma Rousseff issued the warning on Monday as she kicked off her first visit to Europe as Brazilian president.
“In our case, extremely restrictive fiscal measures only deepened the process of stagnation and loss of opportunity,” she said, in reference to Latin America’s debt crisis during the 1980s. “It is difficult to exit crisis without increasing consumption and growth.”
Brazilian politicians have recently taken it upon themselves to solve the global financial crisis, doling out advice to the developed world.
Guido Mantega, Brazil’s finance minister, has been one of the pioneers in this regard. After rising to fame thanks to his ‘currency war’ discourse, Mantega last month proposed a slightly wacky ‘Bric’ rescue package for the eurozone.
The problem was that he had failed to consult the other Bric countries such as China, which holds the majority of the bloc’s foreign exchange reserves. Even many of his fellow countrymen were a little surprised by the suggestion that Brazil should bail out countries such as Italy, whose GDP per head is three times higher than their own.
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