Brazil in 2002 was able to fix its debt crisis through fiscal policy and growth - but, Felix...

|By:, SA News Editor

Brazil in 2002 was able to fix its debt crisis through fiscal policy and growth - but, Felix Salmon notes, Greece 2010 is not Brazil 2002: Much more debt, no free-floating currency, no natural resources. Some kind of defaults need to start happening in Europe before markets have confidence that countries are back on a growth path.