"The government that takes office in December will encounter a scene of unprecedented debt maturities in recent decades, and their repayment affordable.
"Most of the maturities of the next four years is intrasector public and international financial institutions.
He may continue canceling debt without recourse to financial markets.
-In 2002 the debt was 166 percent of gross domestic product, at present means 45.8 percent.
-In 2000 the average term to maturity of the debt was 2.5 years, and today is 11 years. Brazil is 4 years.
Página/12, April 17, 2011
The full story here
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