Re:The Suicide of Venezuela
by jpatokal on Thursday April 28, 2016 @11:57PM
(#11593673)
Most people would not credit Dilma with "passing high school exams level" understanding of economics.
But Ms Rousseff and her left-wing Workers’ Party (PT) have made a bad situation much worse. During her first term, in 2011-14, she spent extravagantly and unwisely on higher pensions and unproductive tax breaks for favoured industries. The fiscal deficit swelled from 2% of GDP in 2010 to 10% in 2015.
But Ms Rousseff and her left-wing Workers’ Party (PT) have made a bad situation much worse. During her first term, in 2011-14, she spent extravagantly and unwisely on higher pensions and unproductive tax breaks for favoured industries. The fiscal deficit swelled from 2% of GDP in 2010 to 10% in 2015.
http://www.economist.com/news/leaders/21684779-disaster-loom...