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Brazilian President
Criticizes IMF For Lack
Of Action Amid Financial
Crisis
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Brazilian President
Criticizes IMF For Lack
Of Action Amid Financial
Crisis
RIO DE JANEIRO -
Brazil's President Luiz
Inacio Lula da Silva
criticized on Tuesday
the International
Monetary Fund (IMF) for
lack of action in the
midst of the
international financial
crisis.
"When Brazil or
Argentina faced a
crisis, IMF always came
to give tips and tell
what to do or not to do.
Where is the IMF now?"
the president asked.
In a speech to 3,000
metallurgical workers in
the city of Angrados
Reis, southwest of Rio
de Janeiro state,
President Lula denied
vehemently the existence
of a package of
anti-crisis measures in
the country, affirming
that the financial
crisis will not reach
Brazil.
"Many people think it is
arrogant to say that the
crisis will not reach
Brazil. I say and
insist: if it reaches,
it will be lighter," he
said.
Lula called on
Brazilians to remain
clam and not to
surrender to the stress
and panic caused by the
crisis.
"The crisis leads to
speculation, distrust,
and then the citizen
says he is not going to
spend his money, but
save it. I ask you not
to do that; keep on
doing what you were
doing before," he said.
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