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It's Hard To Look At These Photos From Indonesia And Brazil And Not Worry
• Business InsiderIn Indonesia and Brazil — where governments are hoping to pursue fiscal consolidation — protests have turned violent.
In Indonesia the issue is the initial driver of protests is the removal of a fuel subsidy.
In Brazil, it's over an increase in bus fares, as well as general frustration over inequality, and the money being spent on next year's World Cup.
Both — along with other emerging markets — are experiencing slowing economies, sharply weakening currencies, rising interest rates, and generally a squeeze related to both financial and structural conditions.