Brazil’s President Dilma Rousseff has voiced her country’s concern to US President Barack Obama over what she says are policies by developed countries that allow for easy credit, threatening the growth of emerging economies like Brazil’s. At a meeting between the two leaders in Washington on Easter Monday the Brazilian President reportedly alluded to the US’ “expansionist monetary policies” which hse said “ultimately lead to a depreciation in the value of the currencies of developed countries thus impairing growth in emerging economies. Brazil is suffering from an appreciation of its currency, the real, against the dollar, which the government blames on a “currency war” that has flooded the country with cheap dollars generated by easy credit.
Roussef worried over easy credit
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