The document summarizes the impact of the European Union crisis on Brazil. It discusses the history and growth of the EU, as well as Brazil's relationship and trade with the EU. The EU is Brazil's leading trade partner. The global economic crisis negatively affected the EU through issues like high fiscal deficits and housing bubbles. This led to a slowdown in Brazil's exports and GDP growth. However, Brazil was less impacted than other countries due to a strong banking system and trade ties with emerging economies. The document outlines some steps Brazil is taking to promote recovery, such as fiscal consolidation and trade defense measures.