It isnow a well-established tradition in Washington that any scandal, no matter how seemingly innocuous, soonis given the suffix "-gate, " establishing a lineal connection to the mother of all scandals, Watergate.
The test of that will be twofold: howsoon Brazil can cut interest rates (which now start at 40%, while inflation is just 3%) without triggering a fresh run on the real, and whether foreign investors will start to look more favourably at the country.