A nasty detour for the unexpected.(economic challenges of Brazilian president Fernando Henrique Cardoso)

From: U.S. News & World Report | Date: April 24, 1995| Author: Robinson, Linda; Epstein, Jack | Copyright information

Cardoso was viewed as the man who would save Brazil economically, but now seems unlikely to succeed. He has not reduced waste in the government or tried to privatize state-owned companies. Inflation, bureaucracy and a $6 billion loss in reserves currently plague the country.

Fernando Henrique Cardoso was supposed to be Brazil's knight in

shining armor. After slashing 50 percent monthly inflation to 1 percent while serving as finance minister last year, he sailed into the p...

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