"Marcos Casarin of Oxford Economics argues that Brazil’s fiscal polices are unsustainable in the long-term. Brazil’s continuous stimulus is not generating economic growth, forecast to be flat this year. Instead, it is leading to a rise in government debt."
"At just under 60 per cent of gross domestic product, gross public debt is not at alarming levels. But Brazil’s high interest rates mean that if debt continues increasing at its current pace, the cost of servicing it would reach over 7 per cent of GDP by 2017 – the peak level for Greece during the eurozone crisis..."