2016-03-04telegraph.co.uk

Brazil is heading straight into the arms of the International Monetary Fund. The sooner this grim reality is recognized by the country's leaders, the safer it will be for the world.

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"There is an enormous fiscal crisis and we're flirting with a return to hyperinflation. All the debt variables are going in the wrong direction," said Raul Velloso, the former state secretary of planning.



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