(Reuters) Brazil and the European Union agreed on Monday to lay an undersea communications cable from Lisbon to Fortaleza to reduce Brazil's reliance on the United States after Washington spied on Brasilia.
At a summit in Brussels, Brazilian President Dilma Rousseff said the $185 million cable project was central to "guarantee the neutrality" of the Internet, signaling her desire to shield Brazil's Internet traffic from U.S. surveillance. According to other sources, the construction is scheduled to begin in July.
A joint venture between Brazilian telecoms provider Telebras and Spain's IslaLink Submarine Cables would lay the communications link. Telebras would have a 35 percent stake, IslaLink would have a 45 percent interest and European and Brazilian pension funds could put up the remainder.
(Score: 2) by monster on Tuesday February 25 2014, @02:52PM
I think it's not a matter of "bankrupting it so they can't even buy toilet paper", but of "turning their operating costs so high they can no longer realistically request funding to spy everyone, everywhere, everytime". Maybe then some not-so-moron politician would think "hey, this Internet spying thing is really expensive!. Maybe we would be better off with just a few operatives on the ground doing infiltration instead of monitoring everybody's porn downloads"