Identifier
Created
Classification
Origin
09SAOPAULO212
2009-04-07 18:13:00
UNCLASSIFIED
Consulate Sao Paulo
Cable title:
Media Reaction Sao Paulo- Attention on China, The Death of
how-toVZCZCXYZ0014 OO RUEHWEB DE RUEHSO #0212 0971813 ZNR UUUUU ZZH O 071813Z APR 09 FM AMCONSUL SAO PAULO TO RUEHC/SECSTATE WASHDC IMMEDIATE 9097 INFO RHEHNSC/NATIONAL SECURITY COUNCIL WASHDC IMMEDIATE RUEHBR/AMEMBASSY BRASILIA PRIORITY 0244 RUEHRI/AMCONSUL RIO DE JANEIRO PRIORITY 9102
UNCLAS SAO PAULO 000212
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- Attention on China, The Death of
the Consensus 04-06-2009
Media Reaction: Global Economy: G-20 summit readout; financial
market crisis; China and global economy; Sao Paulo
April 6, 2009
Title- Attention on China
Editorial in liberal Folha de S. Paulo (4-6) states: "....On Friday
President Luiz Inacio Lula da Silva took a dangerous step. He
proposed to his Chinese colleague, Hu Jintao, the utilization of
their currencies - Real and Yuan - for bilateral trade, replacing
the [US] dollar....Brazil, to the contrary of what President Lula
proposes, should lead the resistance to the excessive penetration -
and many times based on unfair trade practices - of Chinese
interests in South America."
Title- The Death of the Consensus
Op-ed in liberal business oriented Valor Econtmico (4-6) by Sergio
Leo states: "...The death declared by British Prime Minister Gordon
Brown was not of the Washington Consensus, but rather the
fundamentalist belief in just one of its 10 items: deregulation as
the best tool for promoting the allocation of resources and
development. The new global consensus establishes that the
post-crisis world will have stronger and more active institutions to
control market agents. As with every international economic
consensus, the new consensus is not entirely followed by the most
powerful countries when they make their policies....A good part of
President Lula's success at the G-20 comes from the Brazilian
government's respect for the principles enshrined in the Washington
Consensus....He knows that his credibility would be dead if he
believed that the era of fiscal discipline for the dark skinned
countries is over [in a allusion to the contrary of blue-eyed
people, which Lula said were to blame for the crisis] ."
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 Sao Paulo- Attention on China, The Death of
the Consensus 04-06-2009
Media Reaction: Global Economy: G-20 summit readout; financial
market crisis; China and global economy; Sao Paulo
April 6, 2009
Title- Attention on China
Editorial in liberal Folha de S. Paulo (4-6) states: "....On Friday
President Luiz Inacio Lula da Silva took a dangerous step. He
proposed to his Chinese colleague, Hu Jintao, the utilization of
their currencies - Real and Yuan - for bilateral trade, replacing
the [US] dollar....Brazil, to the contrary of what President Lula
proposes, should lead the resistance to the excessive penetration -
and many times based on unfair trade practices - of Chinese
interests in South America."
Title- The Death of the Consensus
Op-ed in liberal business oriented Valor Econtmico (4-6) by Sergio
Leo states: "...The death declared by British Prime Minister Gordon
Brown was not of the Washington Consensus, but rather the
fundamentalist belief in just one of its 10 items: deregulation as
the best tool for promoting the allocation of resources and
development. The new global consensus establishes that the
post-crisis world will have stronger and more active institutions to
control market agents. As with every international economic
consensus, the new consensus is not entirely followed by the most
powerful countries when they make their policies....A good part of
President Lula's success at the G-20 comes from the Brazilian
government's respect for the principles enshrined in the Washington
Consensus....He knows that his credibility would be dead if he
believed that the era of fiscal discipline for the dark skinned
countries is over [in a allusion to the contrary of blue-eyed
people, which Lula said were to blame for the crisis] ."
WHITE