Publication

This paper offers a description of the main international economic features of Brazil and the EU to understand their current and future role in the global order. First it looks at the macroeconomics, with a focus on international exchange rate misalignments and the crisis in the euro area. Secondly it analyzes the place of the euro area in the international financial institution system and implications for Brazil. The conclusions explore macro-policy options for improving the EU-Brazil partnership and suggest that a new initiative launched by them would be economically desirable.