By Alfred Rinaldi, Contributing Reporter
RIO DE JANEIRO, BRAZIL - A sharp rise in the cost of Credit Default Swaps (CDS), which is an indicator of a country's risk premium, is increasing pressure on the Rousseff government to address market worries about the country's economic standing. Last week, the cost of CDS stood at 210.9 base points, representing a steep monthly rise of 34 percent compared to the end of the year, when CDS stood at 157.
While this is still a long way below the 400-point peak during the financial crisis in 2008, it is still . . .