VZCZCXYZ0000
OO RUEHWEB

DE RUEHSO #0344 1691725
ZNR UUUUU ZZH
O 181725Z JUN 09 ZDK
FM AMCONSUL SAO PAULO
TO RUEHC/SECSTATE WASHDC IMMEDIATE 9267
INFO RHEHNSC/NATIONAL SECURITY COUNCIL WASHDC IMMEDIATE
RUEHBR/AMEMBASSY BRASILIA PRIORITY 0421
RUEHRI/AMCONSUL RIO DE JANEIRO PRIORITY 9169

UNCLAS SAO PAULO 000344 
 
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 - GLOBAL ECONOMY; SAO PAULO 
 
"Brics" 
 
Op-ed in liberal Folha de S. Paulo (6-18) by Kenneth Maxwell states: 
"....Brics' power is for now more rhetorical than real. Brazil's 
economy, even being the 10th largest in the world, reaches only half 
of the French economy dimension.....Brics are looking for, above 
all, a louder voice in international business. The meeting held in 
Russia this week was an important first step to hit this aim." 
 
"The first meeting of the Bric" 
 
Editorial in center-right O Estado de S. Paulo (6-18) notes: "It 
lacked issues to give substance to the first Bric summit, for now 
only am abbreviation, not a group an even less a bloc....The flags 
raised at the meeting were also raised at the last G20 
meeting.....[and] are not enough to differentiate Bric countries and 
give them an collective identity." 
 
"Limited room for a deal at the Brics meeting" 
 
Editorial in business oriented Valor Econtmico (6-18) says: "The 
rapprochement between Brazil, Russia, China and India has few 
chances of going beyond preliminaries, as shown by the meeting held 
in Yekaterinburg ....In addition to restrict agreements , there is 
nothing much these countries, which are more rivals than allies, may 
agree on and take [joint] actions." 
WHITE