Turnabout: Brazil, the IMF, and the EU

February 26, 2012

Comments

Via the BBC: Brazil wants more IMF power for extra eurozone funds

Brazil has said that developing nations would be happy to provide more money to ease the eurozone’s debt crisis, in return for more power within the International Monetary Fund (IMF).

Anyone with any knowledge of the 1980s (and later, for that matter) will find this a rather ironic situation to say the least. Beyond that, it shows how things have changed for Brazil.

3 responses to “Turnabout: Brazil, the IMF, and the EU”

JohnMcC

February 26, 2012 at 6:22 pm

A google search for the economic policies of someone named Lula is pretty enlightening. A hint, not a Republican.
Ben Wolf

February 26, 2012 at 8:44 pm

Europe reduced to begging for handouts from a country not long ago considered a basket-case. And all from the EU’s self-inflicted wound it refuses to sew up. It looks to me like the developing world is learning from the developed world’s mistakes.
HankP

February 27, 2012 at 1:54 am

@JohnMcC: Yes, amazing how successful those socialist policies have been, isn’t it?