Many opinions have been expressed regarding the cause of Brazil's recent financial crisis. The Real Plan defeated Brazil's chronic inflation and brought growth to the country. One plausible answer is the resistance of the Brazilian Chamber of Deputies to approve highly controversial measures without serious negotiations with the executive branch. One could argue that the action by Itamar Franco, former president and current governor of the important state of Minas Gerais, to withhold payments of the internal debt to the Treasury unveiled this crisis. While this may be true, the root of Brazil's problem is deeper and revolves around the government's coalition in the Chamber of Deputies and the lack of a wise political advisor in the executive branch to set a timely pace for the necessary reforms.
Executive orders are, obviously, the fastest way to enact a law.
Once ordered by the president, the executive decree has the force of law for thirty days. Although quick, executive decrees are burdensome in that their authority lapses if not renewed monthly. However, since executive decrees cannot be renewed with identical language, each new decree must have some minor variation with the one preceding it. Lapses have sometimes occurred in the past, creating questionable legal loopholes. After language is agreed to, a Joint Session of Congress votes on final passage.