VZCZCXYZ0010
OO RUEHWEB
DE RUEHSO #0607 3151201
ZNR UUUUU ZZH
O 101201Z NOV 08
FM AMCONSUL SAO PAULO
TO RUEHC/SECSTATE WASHDC IMMEDIATE 8692
INFO RHEHNSC/NATIONAL SECURITY COUNCIL WASHDC IMMEDIATE
RUEHBR/AMEMBASSY BRASILIA PRIORITY 9854
RUEHRI/AMCONSUL RIO DE JANEIRO PRIORITY 8918
RUCPDOC/USDOC WASHDC 3203
UNCLAS SAO PAULO 000607
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 ETRD XM XR BR
SUBJECT: G-20- Global Economy- Sao Paulo Media Reaction
Global Economy: Financial market crisis; Sco Paulo
After the Crisis
Article in business-oriented Valor (11/10) states: "The purpose of
this [G-20 summit] is clearly elitist: to save banks and financial
institutions and, through them, save speculators-investors. In a
citizenship-based democracy this line of action will not be
acceptable. The minimum platform to be used must be the New Deal, a
large rescue from the base, rebalancing the economy through public
spending in infrastructure and public policies to reactivate demand,
investment and jobs..... The new paradigm, therefore - be it in the
economic or military realm-is that of cooperation among peoples and
nations, putting an end to empires."
White