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Brazil, Argentina to Consolidate Co-Op to
Face Crisis
Rio de Janeiro - Brazilian President Luiz
Inacio Lula da Silva and his visiting
Argentine counterpart Cristina Kirchner
agreed Friday to strengthen relations
between the two countries.
According to the two presidents, who
attended in Sao Paulo the ending ceremony of
a seminar on business opportunities between
Brazil and Argentina, a stronger alliance is
the only way for them to overcome the
international financial crisis.
The two leaders decided to minimize the
dispute over the Argentine government's
decision to restrict the imports of some
Brazilian products since the beginning of
the year.
Lula said the matter is not unsolvable and
should not compromise the decision of
expanding the bilateral trade.
Kirchner also agreed that the differences
must be put aside.
Lula also criticized financial institutions
such as the World Bank and the International
Monetary Fund (IMF) for their bias on
emerging economies.
Those organizations were created with the
idea that problems would only take place in
emerging countries, Lula said.
He added that the IMF and the World Bank's
resources are not enough to save the world
from the international financial crisis.
The Brazilian president stressed the
importance of the upcomingG20 meeting in
London, saying that the emerging countries
would arrive for the first time at a meeting
with better economic situations and "more
moral authority" than the developed world.
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