Former president helped Brazil tame inflation
Itamar Franco, 81, former Brazilian president who in the 1990s tamed inflation in Latin America's biggest country, died of a stroke Saturday at Sao Paulo's Albert Einstein hospital, the hospital said in a statement. He had been hospitalized since May after being diagnosed with leukemia and pneumonia.
Franco became president in 1992 after Fernando Collor de Mello stepped down to avoid being impeached as a result of corruption charges. Franco had been elected vice president in 1989.
In early 1994, Franco launched a program that curbed a monthly inflation rate of about 50% by raising...