Brazil, whose 10 year notes hit 22% in 2002, shows fiscal reform, not default, can provide a way...

|By:, SA News Editor

Brazil, whose 10 year notes hit 22% in 2002, shows fiscal reform, not default, can provide a way out for heavily indebted countries, writes Richard Barley. Being a resource-rich country in the midst of one of history's great commodity booms helps as well.