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Viewing cable 08SAOPAULO607, G-20- Global Economy- Sao Paulo Media Reaction

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Reference ID Created Released Classification Origin
08SAOPAULO607 2008-11-10 12:01 2011-07-11 00:00 UNCLASSIFIED Consulate Sao Paulo 
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