Brazil's Debts, from Crisis to Crisis

BraZil is famous throughout the world for three things: the samba, football and its debts. Mountains of debts have already caused misery and great poverty in this resource-rich country. The debt disaster dates back to the 1970-1980 period, when states in Brazil competed for loans to cover the costs of projects. However, these states were bad at debt management and ended up being forced to repay old debts with new debts. To cover debts that fel

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