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Brazil Joins France to Blame US for Crisis and Demand More Oversight

Presidents Lula and Sarkozy from Brazil and France French President Nicolas Sarkozy in a visit to Brazil and his Brazilian counterpart Luiz InΓ‘cio Lula da Silva agreed on Monday to take a common EU-Brazil position to the next G20 summit dealing with the global financial crisis.

"We decided with President Lula that things must change and change profoundly," Sarkozy, the current president of the European Union, said in a speech at a two-day EU-Brazil summit in Rio de Janeiro.

"We decided to narrow our positions and arrive in London with a common vision, on the future role of the IMF, the system of management of financial institutions," he said. "We cannot allow a single financial institution to be uncontrolled or unsupervised."

Sarkozy and Lula da Silva gave no details on proposals they would take to the London summit on April 2 and they did not take questions from reporters after their meeting, which was also attended by European Commission President JosΓ© Manuel Barroso.

Sarkozy also openly backed Brazil's claim to a permanent seat on the United Nations Security Council, saying the country had a vital role to play in global decision-making during the financial crisis.

"I am sincere when I say that we need Brazil in the world's governance," Sarkozy said. "President Lula knows that this view is not shared by all European countries, so I am speaking not as President of the European Council, but as the President of France. We need Brazil to become a permanent member of the UN Security Council and also to help safeguard the planet's environmental balance."

Lula has made obtaining a permanent council seat for Brazil one his major foreign policy goals.

The Brazilian leader hailed last month's G20 summit of leading economies in Washington as a decisive step toward increasing the clout of developing countries. Among other steps, the summit opened the door for more countries to have seats at the IMF and the World Bank.

Lula joined Sarkozy in calling for governments to take a greater role in regulating financial markets and in creating jobs, including the United States, which he said bore the brunt of blame for the crisis.

"President Obama has a responsibility on his back that few presidents in the world have," Lula said in a speech, referring to US President-elect Barack Obama.

"He will take office with a crisis that the United States has more than 60% of the responsibility for."

Mercopress

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  • Show Comments (12)

  • dnbaiacu

    Has anyone ever asked…….
    what makes a U.N council seat so coveted anyway?

    [b] AS IF THEY AREN’T GOING TO EVENTUALLY GET ONE ?[/b]

    BESTEIRA TOTAL! πŸ˜€ πŸ˜€ πŸ˜€

    Either they think we are all silly or there really are some leaders who are CLUELESS

  • forrest allen brown

    here is an idea for you
    build a UN building in RIO one that they like .
    give it to them give them every thing they get from the US

    when they move in down there the US wil leave the UN as it si full of 3 world coruption
    and has lost most all its creditability in the real world .

    then you put up with all there law breaking diplomats .
    and kids , the US is tired of it new your looses some $243.000 in trafic viloactions alone
    to the UN a year not counting all the
    dine and dash , shoplifting they have to put up with

  • du48

    The big ‘ swiss ‘ cheese ‘s comments -BR is unable to produce advance weapons? etc
    God forbid that Brazil is EVER able to produce these weapons, whatever they are and may France and anybody else give up sending built-in obsolete nuclear technology like westinghouse did in the past.
    Brazil has enough on its plate trying to contain the EXISTING gun smuggling and manufacturing racket , thank you very much.

  • João da Silva

    Ch.C
    [quote]May be a permanent seat should also be given to Venezuela, Bolivia and Argentina !
    And to represent the small minorities a few more seats to Andorra, Monaco, Seychelles, Mauritius, Ecuador, Uruguay and Paraguay !!! And Panama too…of course[/quote]

    I fully endorse your views and you are talking like a true statesman. Give permanent seats (coated with Araldite) to all and make them sit there for ever.

  • João da Silva

    dnbaiacu
    [quote]Either they think we are all silly or there really are some leaders who are CLUELESS[/quote]

    Sarko being a “PavΓ€Ζ’Β£o” thinks that we are silly as well gullible. Of course he is CLUELESS too. Where did he get his degree (if at all he has one), at the bottom of a detergent pack? πŸ˜€

  • ch.c.

    what makes a U.N council seat so coveted anyway?
    PRESTIGE AND GLORY !
    Brazil will believe they are within a club of developed and wealthy nations !
    Such as Russia, China…and France, UK and the USA !!!! There are only 5 permanent members for the time being.

    The funny thing is that Brazil is UNABLE to produce advanced weapons or mass weapons similar to the 5 existing members !
    What is Brazil going to do there ?
    Provide more Mess than there already is ?
    Facts are China and or Russia never agree with the USA, France and UK on resolutions to take to avoid genocides and civil wars in Africa !
    And why should Brazil be accepted and not Japan, Germany, Spain, Italy or India.
    All of them have greater GDP than Brazil, and are more developed than Brazil. Even India is more developed than Brazil in many many ways : they have large drugmakers, large software companies, and large LOCAL autos makers on top of large weapons productions. BRAZIL NIET NIET…FOR SURE !

    May be a permanent seat should also be given to Venezuela, Bolivia and Argentina !
    And to represent the small minorities a few more seats to Andorra, Monaco, Seychelles, Mauritius, Ecuador, Uruguay and Paraguay !!! And Panama too…of course !

    Ohhhhh….what Robbing Hook dis not say yet : HE DOESNT WANT TO SHARE THE ANNUAL BUDGET OF THAT CLUB….OF COURSE !

    πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰ πŸ˜‰ πŸ˜€ πŸ˜‰

  • ch.c.

    of course A few keep track of Petrobras borrowings !
    Did you read they borrowed another US$ 1,8 billion..YESTERDAY….FOR THE SAME REASON AS THE FIRST ONE IN OCTOBER ?????

    “Dec. 22 — Petroleo Brasileiro SA, the largest company in Brazil, said it refinanced a total of 4.4 billion reais ($1.8 billion) in loans from Brazilian state banks Banco do Brasil and Caixa Economica Federal and got another loan of 1.5 billion reais from Caixa.
    Petrobras, as the Rio de Janeiro-based, government-controlled company is known, said it paid in advance the loans previously scheduled to expire in the first half of 2009 and renewed them, for the same amount. This pushed the due date to the first half of 2011″

    The question I raise is the following :
    – WHY pay back earlier and renew the debts…..knowing that rates are declining and will continue to decline at least until the first half of 2009, maturity date of the original debts ?????? WHY NOT wait to renew at a lower rate than Yesterday ? Did Petrobras got ALREADY some preferential rates since they are controlled by the government and the lending banks also controlled by the government ????

    Undisclosed Stinky Smell as usual !

  • João da Silva

    [quote]Dont get lost, Sarko will give little only if he can win a lot more ! The submarine and helicopters deals are closely related with the WTO negoatiations on agriculture, even if no one makes a relation, with “Sarko gives a little…if he can keep a lot more” !
    [/quote]

    I am opening a can of cold one in honor of this distinguished commentator for making these brilliant remarks (as usual). Sarko will give [i]nothing [/i]and keep [i]everything[/i].

    Nobody is keeping track of the news about Petrobras and the money it is borrowing from CEF to deal with [i]its crisis within[/i]. CEF may end up financing the building of a Franch Brazilian Nuclear Submarine to “protect” our oil fields and in return we get a permanent seat in the U.N. security council through the heavy influence Sarko has on Ban-ki-Moon.

    WHAT A JOKE….WHAT A JOKE….

  • ch.c.

    that the U.S. is responsible for the financial crisis. Don’t get me wrong, I agree with him, and wouldn’t say it’s at 60%, would say it’s more like 100%
    Somewhat right but…but…but then THEY also were responsible for the over lending that created the Highest Economic Growth Cycle during 2003-2007 of the last 30 or 40 years !
    And who benefitted the most ? The Emerging Nations !

    Blaming them for the decline is fine and also a little too easy, but this is only half of the whole story !

    And who is going to take the World OUT OF THIS RECESSION….ONCE MORE ???????

    No doubt Lula and Sarko and Trichet will raise their hand !!!!!

    It remains that the USA is the WORLD LARGEST LOCOMOTIVE, the EU a mid locomotive, and the emerging nations the WAGONS !
    And how could the many wagons go forward without LOCOMOTIVES ?????

    Reminder : the EU is not a country but a region with many countries. It is like multi power engines in a locomotive !

    And as to Sarko and France in particular, dont forget they are the most anti WTO on agricultural subsidies negotiations, since they are the biggest EU beneficiary ! Just re-read Sarko last year statements.

    No doubt Sarko would prefer Brazil becomes a permanent security member at the UN, rather than reducing ONE EURO ON THEIR AGRICULTURAL SUBSIDIES !!!!!

    Dont get lost, Sarko will give little only if he can win a lot more ! The submarine and helicopters deals are closely related with the WTO negoatiations on agriculture, even if no one makes a relation, with “Sarko gives a little…if he can keep a lot more” !

    You will learn it the hard way ! In 2005 in France it was Brazil Year, with Lula as a guest honor for the festivities on National Day, July 14. Lula was full of pretentiousness…of course.
    Just to learn a few months later that Chirac would vetoe Mandelson negotiations at the WTO if Mandelson goes too far !!!!!

    Last but not least with a grain of humor : this year…. (may be next year ?)…. if I am right is the France year….in Brazil !

    Hey hey !!!!!

    πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰

  • bo

    [quote]Lula joined Sarkozy in calling for governments to take a greater role in regulating financial markets and in creating jobs, including the United States, which he said bore the brunt of blame for the crisis.[/quote]

    It would be great to know approximately how many times in the last 2-3 months that Lula has stated, screamed, and frothed, that the U.S. is responsible for the financial crisis. Don’t get me wrong, I agree with him, and wouldn’t say it’s at 60%, would say it’s more like 100%. But one would think he would stop living in the problem and try to start talking about solutions….but he just can’t help himself. This is such a great opportunity for him to revert back to the old union organizer that he used to be where he would state, “If I’m elected, we won’t pay the IMF!”

    Brazilians LOVE to assign blame. NOTHING is ever a brazilians fault. Being brazilian means “never having to say I’m sorry”. πŸ˜‰

    When I go back to the states I’m going to make bumper stickers with that slogan!!!! πŸ˜€

  • bo

    [quote]Lula has made obtaining a permanent council seat for Brazil one his major foreign policy goals. [/quote]

    Looks like there’s another goal that won’t be achieved………GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOAL!!!! BRA-ZIL-ZIL-ZIL-ZIL!!! πŸ˜‰

  • bo

    [quote”I am sincere when I say that we need Brazil in the world’s governance,” Sarkozy said. “President Lula knows that this view is not shared by all European countries, so I am speaking not as President of the European Council, but as the President of France. We need Brazil to become a permanent member of the UN Security Council and also to help safeguard the planet’s environmental balance.” ][/quote]

    I spit my coffee all over the keyboard on that one. Safeguard the planet’s environmental balance huh? So we’re going to be depending upon brazil to enforce laws and take on dangerous drug cartels as well as land owners in the lawless region of the Amazon huh? For exactly how many years now has the brazilian gov’t. shown through deed that they simply don’t give a rats ass? Not saying there should be international intervention. Just saying that the place will turn into whatever the FARC and the landowners with cash want it to be.

    Sarkozy is a puppet. And at the end of the day he’ll do what he’s told.

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