Brazil President Warns Europe of Austerity Danger
Brazilian President Dilma Rousseff has warned that too much austerity could make it difficult for the 17-nation eurozone to emerge from the financial crisis it has endured for four years.
Rousseff says the austerity measures that Spain and other members of the zone have invoked should include more flexibility so high unemployment can be reduced. When the financial crisis hit Brazil in 2008, Rousseff's predecessor went on a government spending spree.
Rousseff made the comments to reporters Monday after meeting with Spanish Prime Minister Mariano Rajoy. The two also said their countries have resolved a lingering spat over tourists from Brazil who have been deported from Spain upon arrival in Madrid. Brazil had responded by taking similar action against Spanish tourists arriving in Brazil.
Source: Associated Press
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