At first, this Aljazeera article seems to be describing Brazil proposing themselves and other economically emerging countries (India, South Africa, China, and Russia) to contribute funds in various ways to help ease the ongoing European economic crisis. What seems to be a selfless gesture abruptly reveals itself as Brazil’s attempt to secure their own economy. If there is no economic stability soon, Spain and Portugal are in economic danger, which poses a negative effect on Brazil’s economy, as these two countries have heavy investments in Brazil. Ironically this deal has a very “karma-like” flow. What goes around, comes around. The more Brazil helps Europe, the less impact the crisis will have on them. Brazil could possibly free $10 billion dollars for Europe that would go towards the International Monetary Fund or European bonds. Brazilian officials stated in this article that this crisis poses opportunity for Brazil in the sense that they would have a greater role in global affairs. Personally, I wish countries like Brazil would take a quick look at their own infrastructure and realize they need to solve their ridiculously high poverty rates. This world of economy just got even more confusing in my head.

For reference:

http://english.aljazeera.net/business/news/2011/09/201192052145668735.html