Brazilian President Lula Says ‘White, Blue-Eyed Bankers Have Brought World Economy To Its Knees’

crackersThe president’s statement was made during British Prime Minister Gordon Brown visit to Brazil on Thursday on his attempt to push for a global economy. Later at the G20 summit on Tuesday Gordon said: “World leaders also must manage globalization to prevent a repeat of the mistakes that led to the current financial crisis,”

President Luiz Inacio Lula da Silva made the comments after talks with Gordon Brown to try to forge a global consensus on how to save the worldwide economy.


During a press conference, da Silva, who told Brown poor countries should not have to suffer because of the mistakes of the rich. “This is a crisis that was caused by white people with blue eyes. And before the crisis, they looked as if they knew everything about economics.” Said the President in front of the visiting British prime minister, who incidentally only has one eye.

March 26: Britain's Prime Minister Gordon Brown, right, shakes hands with Brazil's President Luiz Inacio Lula da Silva in Brasilia.

Sky News’ Joey Jones said it was an “uncomfortable” moment for Brown.

“The President does not mind using fairly flamboyant language. He likes to give extensive answers to journalists,” he said. “But some of it was rather awkward for the Prime Minister, who was standing there listening to the President. A few eyebrows will have gone up at what he said.”

Downing Street says the remarks made by da Silva, who is white, were meant for “domestic consumption.”

Jones said: “People in Brazil are very frustrated and angry at what they feel is the injustice of the situation: a crisis that has essentially come from the banking sectors in places like the United States and the U.K., but is affecting their country.”

Following the meeting, Brown told reporters he will urge G20 leaders to back a multi-billion dollar fund to reverse a slide in world trade.

“I’m going to ask the G20summit next week to support a global expansion of trade finance of at least $100 billion to help revive trade in all parts of the world,” he said.

A shortage of trade credit, which allows exporters and importers to settle accounts, has been a factor in a sharp drop in global trade which is exacerbating the economic downturn.

Along with the trade stimulus plan, the Prime Ministersaid he wanted to see global standards on salaries in the finance sector.

He went on to say he believes South America is key to achieving an agreement at next week’s G20 summit in London.

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