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2013-06-18 — businessinsider.com
In Indonesia and Brazil -- where governments are hoping to pursue fiscal consolidation -- protests have turned violent.
In Indonesia the issue is the initial driver of protests is the removal of a fuel subsidy. In Brazil, it's over an increase in bus fares, as well as general frustration over inequality, and the money being spent on next year's World Cup. Both -- along with other emerging markets -- are experiencing slowing economies, sharply weakening currencies, rising interest rates, and generally a squeeze related to both financial and structural conditions. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |