The Brazilian government can spend $11.5 billion on the World Cup, but they must had an empty wallet when it came to spending money on education, health care and transport. Therefore, Brazilians themselves can be the drivers of change if they are united.
MADRID | The Corner | Inflation in Brazil hit the upper limit of the government’s target for the first time in a year in June: consumer prices rose by 6.52% yoy (IPCA index), airlines’ fares skyrocketed because of the World Cup (almost 22% in June from May). But let’s be fair: only half of the monthly inflation came from the football competition. And prices will remain far from the 4.5 percent target beyond 2015 unless the central bank rises rates further.
MADRID | By Álex García.
ATHENS | By Nick Malkoutzis via MacroPolis | “Samaras rescues Greece” – it’s the headline the prime minister and many in his office would have cherished. But Giorgos Samaras, the striker without a club, has beaten premier Antonis to the title of saviour thanks to his injury time penalty on Wednesday, which ushered Greece into the second round of the World Cup for the first time in its history.
Brazilians are unified in their frustration with the government before the World Cup.