Identifier
Created
Classification
Origin
09SAOPAULO145
2009-03-16 20:02:00
UNCLASSIFIED
Consulate Sao Paulo
Cable title:  

Media Reaction Sao Paulo; March 16- 2009

Tags:  KMDR OPRC OIIP XM XR XF BR 
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VZCZCXYZ0014
OO RUEHWEB

DE RUEHSO #0145 0752002
ZNR UUUUU ZZH
O 162002Z MAR 09
FM AMCONSUL SAO PAULO
TO RUEHC/SECSTATE WASHDC IMMEDIATE 9016
INFO RHEHNSC/NATIONAL SECURITY COUNCIL WASHDC IMMEDIATE
RUEHBR/AMEMBASSY BRASILIA PRIORITY 0166
RUEHRI/AMCONSUL RIO DE JANEIRO PRIORITY 9062
UNCLAS SAO PAULO 000145

SIPDIS

STATE INR/R/MR; IIP/R/MR; WHA/PD

DEPT PASS USTR

USDOC 4322/MAC/OLAC/JAFEE
E.O. 12958: N/A
TAGS: KMDR OPRC OIIP XM XR XF BR
SUBJECT: Media Reaction Sao Paulo; March 16- 2009

Media Reaction: Global Economy: Financial market crisis; Western
Hemisphere: Cuba, easing of U.S. restrictions, Sao Paulo; March 16,
2009

Title- "Waiting for the U.S."

Main editorial in liberal Folha de S. Paulo (3-16) states: "....the
perception is consolidating itself that a bounce back in the U.S.
economy, which is passing through a financial system restructuring,
is crucial to restart global dynamism. The many fiscal and monetary
packages implemented by U.S. authorities have not been able yet to
invert the pessimism around investors, companies and consumers. Due
to the huge weight of its economy and its currency dominance, the
U.S. still is the one that can lead to a rebound in world growth."

Title- "Isolated Dictatorship"

Editorial in liberal Folha de S. Paulo (3-16) says: "....The U.S.
has each day less reasons to keep its restrictions against Havana,
including the trade embargo, the most important in the dispute....On
the other hand, Cuba's inclination to establish a dialogue with the
White House is still uncertain....Whatever it is, the new direction
of the White House, Fidel Castro's definite withdrawal and its
uncertainty....as regards to the continuity of the financial support
sponsored by Hugo Chavez these will probably lead to changes in the
50-year-old Caribbean dictatorship."

Title- "Crisis and Opportunity"

Op-ed in center-right O Estado de S. Paulo (3-16) by Professor Jose
Goldemberg, states: "There is not an easy solution for the crisis
and there are doubts whether the medicines adopted so far by
governments from all over the world will produce results....The
economic crisis will demand important reforms in the world economy
and opens, therefore, opportunities to rebuild an economy with a
more solid basis than the 'oil economy' or fossil fuel
economy.....While the financial crisis is artificial, in the sense
that it has been generated by speculators and irresponsible bankers,
the energy crisis that the world is going through is real and will
only be solved with new technologies...."
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