Identifier
Created
Classification
Origin
09SAOPAULO187
2009-03-26 18:09:00
UNCLASSIFIED
Consulate Sao Paulo
Cable title:
MEDIA REACTION - GLOBAL ECONOMY: UPCOMING G-20 SUMMIT;
how-toVZCZCXYZ0003 OO RUEHWEB DE RUEHSO #0187 0851809 ZNR UUUUU ZZH O 261809Z MAR 09 FM AMCONSUL SAO PAULO TO RUEHC/SECSTATE WASHDC IMMEDIATE 9062 INFO RHEHNSC/NATIONAL SECURITY COUNCIL WASHDC IMMEDIATE RUEHBR/AMEMBASSY BRASILIA PRIORITY 0206 RUEHRI/AMCONSUL RIO DE JANEIRO PRIORITY 9081
UNCLAS SAO PAULO 000187
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 - GLOBAL ECONOMY: UPCOMING G-20 SUMMIT;
FINANCIAL MARKET CRISIS; STIMULUS PACKAGES; PROTECTIONISM; WESTERN
HEMISPHERE: MEXICO, NARCO-RELATED VIOLENCE AND BORDER SECURITY; SAO
PAULO
"Cartels in Mexico"
Editorial in liberal A Folha de S. Paulo (3-26) says: "....It is
positive that U.S. Secretary of State, Hillary Clinton, who is
visiting Mexico, acknowledged yesterday without excuses, the role of
the American demand for drugs in feeding the traffic. The
acknowledgement increases the chances of more promising anti-drugs
cooperation in North America. So far, the trend was to attribute
mainly to the Mexican government the responsibility to fight the
problem."
"Trade Wars"
Op-ed in liberal A Folha de S. Paulo (3-26) by Kenneth Maxwell
states: "....U.S. Secretary of State, Hillary Clinton, will be in
Mexico until today. President [Barack] Obama will meet President
Felipe Calderon in mid-April, on his way to the Summit of the
Americas, in Trinidad Tobago. The current [bilateral] situation
requires an honest talk on trade, drugs and bilateral relations. The
U.S. would do well if it listens to what Mexico has to say. The
conversation will not be the same it used to be."
"Recalibrated IMF"
Main editorial in center-right l Estado de S. Paulo (3-26) by
Kenneth Maxwell states: "More money to the International Monetary
Fund (IMF) to help economies affected by the crisis should be one of
the main decisions - maybe the principal one - at the summit of the
20 largest developed and emerging countries, to be held next
Wednesday in London. The line is getting longer at IMF's door, thus,
increasing the urgency for resources toward loans and the adoption
of more agile and flexible policies. IMF directors have made
progress in reforming policies and the institution appears to be
prepared to act fast in order to help countries with problems. G20
Heads of States will arrive to London with many speeches and
proposals, of which some may be accepted. However, the most concrete
agenda thus far has been prepared by [IMF Managing- Director]
Strauss-Kahn and his colleagues."
"Decreasing Trade, increasing protectionism"
Op-ed in center-right l Estado de S. Paulo (3-26) by congressmen and
former Finance Minister Antonio Palocci, who states: "....As long
as the financial crisis is not resolved it will be very difficult to
have a sustainable rebound of international trade. The challenge,
therefore, is to compensate these losses - even if partially -
without moving towards protectionism, which starts to reappear as a
defense mechanism in many countries....In order to deal with these
new challenges, countries like Brazil (as well as China) have the
advantage of having a large domestic market and a low corporate and
household debt. Therefore, if the health of the financial system and
fiscal area are preserved, there will be room for credit expansion
and for the economy to be kept alive, without weakening external
accounts, which is always the greatest risk to growth."
WHITE
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 - GLOBAL ECONOMY: UPCOMING G-20 SUMMIT;
FINANCIAL MARKET CRISIS; STIMULUS PACKAGES; PROTECTIONISM; WESTERN
HEMISPHERE: MEXICO, NARCO-RELATED VIOLENCE AND BORDER SECURITY; SAO
PAULO
"Cartels in Mexico"
Editorial in liberal A Folha de S. Paulo (3-26) says: "....It is
positive that U.S. Secretary of State, Hillary Clinton, who is
visiting Mexico, acknowledged yesterday without excuses, the role of
the American demand for drugs in feeding the traffic. The
acknowledgement increases the chances of more promising anti-drugs
cooperation in North America. So far, the trend was to attribute
mainly to the Mexican government the responsibility to fight the
problem."
"Trade Wars"
Op-ed in liberal A Folha de S. Paulo (3-26) by Kenneth Maxwell
states: "....U.S. Secretary of State, Hillary Clinton, will be in
Mexico until today. President [Barack] Obama will meet President
Felipe Calderon in mid-April, on his way to the Summit of the
Americas, in Trinidad Tobago. The current [bilateral] situation
requires an honest talk on trade, drugs and bilateral relations. The
U.S. would do well if it listens to what Mexico has to say. The
conversation will not be the same it used to be."
"Recalibrated IMF"
Main editorial in center-right l Estado de S. Paulo (3-26) by
Kenneth Maxwell states: "More money to the International Monetary
Fund (IMF) to help economies affected by the crisis should be one of
the main decisions - maybe the principal one - at the summit of the
20 largest developed and emerging countries, to be held next
Wednesday in London. The line is getting longer at IMF's door, thus,
increasing the urgency for resources toward loans and the adoption
of more agile and flexible policies. IMF directors have made
progress in reforming policies and the institution appears to be
prepared to act fast in order to help countries with problems. G20
Heads of States will arrive to London with many speeches and
proposals, of which some may be accepted. However, the most concrete
agenda thus far has been prepared by [IMF Managing- Director]
Strauss-Kahn and his colleagues."
"Decreasing Trade, increasing protectionism"
Op-ed in center-right l Estado de S. Paulo (3-26) by congressmen and
former Finance Minister Antonio Palocci, who states: "....As long
as the financial crisis is not resolved it will be very difficult to
have a sustainable rebound of international trade. The challenge,
therefore, is to compensate these losses - even if partially -
without moving towards protectionism, which starts to reappear as a
defense mechanism in many countries....In order to deal with these
new challenges, countries like Brazil (as well as China) have the
advantage of having a large domestic market and a low corporate and
household debt. Therefore, if the health of the financial system and
fiscal area are preserved, there will be room for credit expansion
and for the economy to be kept alive, without weakening external
accounts, which is always the greatest risk to growth."
WHITE