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Viewing cable 09SAOPAULO108, Media Reaction Sao Paulo February 18 2009

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Reference ID Created Released Classification Origin
09SAOPAULO108 2009-02-20 21:43 2011-07-11 00:00 UNCLASSIFIED Consulate Sao Paulo 
VZCZCXYZ0020
OO RUEHWEB

DE RUEHSO #0108 0512143
ZNR UUUUU ZZH
O 202143Z FEB 09
FM AMCONSUL SAO PAULO
TO RUEHC/SECSTATE WASHDC IMMEDIATE 8974
INFO RHEHNSC/NATIONAL SECURITY COUNCIL WASHDC IMMEDIATE
RUEHBR/AMEMBASSY BRASILIA PRIORITY 0129
RUEHRI/AMCONSUL RIO DE JANEIRO PRIORITY 9039
 
UNCLAS SAO PAULO 000108 
 
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 February 18 2009 
 
Media Reaction: Global Economy:  Financial market crisis; 
protectionism; Sao Paulo. 
February 18, 2009 
 
Title- Re-directing Expectations 
 
Article in liberal Folha de S. Paulo (2-18) by Haroldo Guimares 
Brasil says: "....we live in an economy of expectations since the 
institution of currency.  Protectionism is not the cause, but the 
consequence of the current economic condition.  To discuss and act 
against Obama's protectionist package is to shoot at the wrong 
 
place.  We should fight for government packages that have economic 
results and [that] re-direct expectations." 
 
Title- Argentines and Brazilians 
 
Editorial in liberal Folha de S. Paulo (2-18) states: 
"....experience and theory show....that keeping protectionism for an 
uncertain time ends with the general distribution of losses.....the 
solution, always delayed, is to find formulas to extend productive 
investments on the Argentinean side of the border." 
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