credit picture of Brazil is a reasonable echo of Greece: a sixfold increase, peaking in 2014. In that year investor sentiment and the Brazilian political system broke at the same time, triggering a political crisis and deep recession that at the time of this writing shows no sign of abating. Making matters worse, Brazil’s constitution and currency only date back to the 1990s. Not only is this modern Brazil’s first true political and economic crisis, but it is a full-blown constitutional crisis that hits at the very bedrock of everything that makes Brazil Brazil.
