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Friday, December 16, 2016
Brazil passes the mother of all austerity plans
Imagine setting your budget today for every year through 2036. This week, the world’s ninth-largest economy made just such a decision. The Brazilian Senate on Tuesday approved a constitutional amendment to freeze social spending by the Brazilian government for 20 years — allowing it to rise only in tandem with inflation. The government says such a […]
Source: http://www.washingtonpost.com/blogs/worldviews/wp/2016/12/16/brazil-passes-the-mother-of-all-austerity-plans/
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