Emails of this nature are almost guaranteed scams. If you click one of the login links, you are taken to this URL:
http://www.lazershow.ind.br/assinaturas/paypal/b0ebd1cd978575dfe45e7f31c20b2080/
which is DEFINITELY NOT A PAYPAL WEBSITE. Yes, I’m SHOUTING!
If you are foolish enough to follow instructions, here is what you’ll be providing to criminals:
Now, do you really want to give your PayPal account information, your bank account details, your credit card details, and your personal address, phone number, birthdate, and social security number to thieves who have fewer morals than Al Capone and Robert Mugabe put together?
No, I didn’t think you did.
NEVER GIVE OUT FINANCIAL OR OTHER PERSONAL DETAILS OVER THE INTERNET WITHOUT BEING ABSOLUTELY SURE YOU ARE ON A TRUSTED WEBSITE!
The Old Wolf has shouted.
Playing in the World Game 
My first phishing e-mail was something like this. I did click on the link, but didn’t stick around. PayPal might like to see this.