Burying the Legal Ghosts of Brazil’s Hyperinflation
Three decades after a series of failed stabilization policies wiped out many Brazilians' savings, a legal fight over compensation appears to be nearing an end. But more than a long-awaited payday for some one million claimants, the restitution will also mark an end to Brazil's seemingly endless war on hyperinflation.
SÃO PAULO – A decades-old legal fight between consumers and financial institutions over the impact of Brazil’s economic policies of the 1980s and 1990s is nearing conclusion. In December, lawyers representing claimants presented Brazil’s Supreme Federal Court with a request to ratify a settlement reached with the banks.