Tuesday, June 19th 2012 - 06:59 UTC

Brazil/Argentina agree G20 common position, but will wait to listen to Germany

Brazil and Argentina agreed on Monday “to oppose any financial adjustment plan” and sponsor development and growth policies to face the world crisis, in the framework of the two-day G20 summit taking place in Mexico.

The two ladies, Cristina and Dilma in Los Cabos

The announcement followed a 50 minutes meeting of President Cristina Fernandez with her Brazilian counterpart Dilma Rousseff in Los Cabos, the Mexican resort hosting the G20 summit. Both heads of state met at the Secret Marquis hotel where the Brazilian president is staying, and were joined by their closest aides.

Following the meeting Argentine Foreign Minister Hector Timerman acting as spokesperson said that “Argentina and Brazil share several positions when it comes to policies that favour development and growth in order to face the world economic crisis, while at the same time opposing financial adjustment plans”.

The Argentine minister added that both countries also agreed on “waiting and listening to what European countries – Germany in particular – will say during the G20 Summit.”

President Cristina Fernández arrived in Mexico on Sunday evening and her agenda was largely limited to attending a dinner hosted by Mexican President Felipe Calderón for G20 leaders and multilateral organizations’ representatives. Monday’s agenda also scheduled meetings with Russia's Vladimir Putin and France's Francoise Hollande.

The subject of Monday’s G20 first session was: “Global economy in a framework for vigorous, sustained and balanced growth” and on Tuesday: “Strengthening the international financial architecture and promoting financial inclusion”, and “Trade, job creation and growth”.

On Tuesday Argentina is scheduled to present initiatives relative to infrastructure as the engine of world growth in the framework of a discussion panel on “Development: green growth, infrastructure and good security”.

The Argentine leader also met with business people, mostly the Argentine delegation that participated at the B-20 meeting and discussed some of the conclusions on the global crisis that will be presented to the G20. Likewise she met with union leaders from Argentina, Mexico, Brazil, and Canada and from the OECD to consider the creation of jobs and decent work conditions.

“The eyes of the world are on us” said Mexican President Felipe Calderón on the opening of the summit. “As leaders of G20, we have a great responsibility” because the world economy is facing serious challenges: “some areas are in recession, others stalled and others slowing down”.

“I trust that in this G20 we can define an Action Plan with long term vision, a truly integral plan for the sustained human development we all want” as well as “help to recover growth, create jobs and equal opportunity conditions, fairness and with justice”, added the Mexican leader.

He also underlined solidarity with the governments and peoples of Europe, “we have trust in you, we know of your great efforts, and building from those efforts and partly through our deliberations a stronger, more integrated, more united and more responsible Europe will emerge”.

The event will be closed Tuesday evening with a press conference from President Calderon and the release of the G20 Declaration followed by a presentation from President Vladimir Putin, since Russia will be hosting the next summit September 2013 in Saint Petersburg.

The Group of 20 was created in 1999 to bring together financial policymaking from traditional economic powers with the fast-growing developing economies such as China and Brazil. Its 20 members house 90% of the world economy, 80% of its trade and two-thirds of its population.

Latin America is represented by Brazil, Mexico and Argentina. The rest of the countries are Germany, Canada, US, France, India, Italy, Japan, UK, Russia, Saudi Arabia, Australia, Korea, India, Indonesia, South Africa, Turkey and the EU.
 

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1 Boovis (#) Jun 19th, 2012 - 07:09 am Report abuse
What's that position, bent over a table by the USA saying “give us...our...money...!!””
2 GreekYoghurt (#) Jun 19th, 2012 - 07:50 am Report abuse
Yes, they share a love of Argentinian protectionism ... which effectively marginalises them into the corner of discussions when all the grown-ups want to talk.
3 The Chilean perspective (#) Jun 19th, 2012 - 07:52 am Report abuse
????????What does ”financial adjustment plans” mean. Does anyone know?
4 willi1 (#) Jun 19th, 2012 - 07:56 am Report abuse
“waiting and listening to what European countries – Germany in particular – will say during the G20 Summit.”

as a German I hope Angela will tell ck that she shall not talk kitchen-stories of growth by credits and hyper-inflation but first pay old debts to the bondholders.
ck and her governmental gang is completely unreliable and world pestilence.
5 GreekYoghurt (#) Jun 19th, 2012 - 07:57 am Report abuse
@3 I think they mean 'adjustments to currency values' such as quantitative easing, that effectively devalue the dollar, making the cost of manufacturing in the USA more attractive, stripping Brazil of long desired contracts.

It matters not to Argentina, it's a f*cked closed economy that's about to flat-line ... they're just agreeing with Brazil to make it look like they're somehow equal in financial terms, when they're clearly not.
6 Boovis (#) Jun 19th, 2012 - 07:58 am Report abuse
3: financial adjustment, is that when they take their finances and say they're in a better position than they are like fixing peso-dollar rates, lying about inflation, and so on?
7 TipsyThink (#) Jun 19th, 2012 - 09:40 am Report abuse
not G-20.....G21 ( 20 + me (with my brown/white/magenta flag)

being together with silly 20 countries is very sacrifice for me ..
8 GreekYoghurt (#) Jun 19th, 2012 - 10:08 am Report abuse
It makes me wonder if anyone is actually going to sit down and listen to the garbage that this lady leading the world's most nonsense-filled economy bar South Korea and Venezuela has to say.
9 Idlehands (#) Jun 19th, 2012 - 10:11 am Report abuse
Um - North Korea perchance?
10 KretinaK (#) Jun 19th, 2012 - 10:54 am Report abuse
This is how Kirchner stays in power. Political corruption Kirchner / Argentina style. And they say “oh we won by 54% of the vote”, well how much of that 54% was purchased by the Kirchner gang and how many actually voted without getting a few pesos in hand?
www.youtube.com/watch?v=UyPC0SD0PGw
11 British_Kirchnerist (#) Jun 19th, 2012 - 11:15 am Report abuse
Well done Cristina and Dilma fighting for growth and development against the failed austerity junkies (wonder what austerity junky ChrisR, who always loves to play Cristina and Dilma off against each other in his head, thinks of this?!) And what a lovely picture =)
12 ManRod (#) Jun 19th, 2012 - 11:54 am Report abuse
“????????What does ”financial adjustment plans” mean. Does anyone know?”

Currently it means, not to spend the taxes your grandchildren will have to pay in 50 years to keep your head above the water today. Actually, those 2 ladies don't care about their future, but just live for the moment...
13 yankeeboy (#) Jun 19th, 2012 - 01:04 pm Report abuse
11. BK care to give some examples where progressive/populist spending has over the long term made a country and it's population more well off?

It is plain to see that reckless spending and populist policies of CFK has RUINED Argentina.

Gov of Cordoba said...WE WILL NOT ISSUE A QUASI CURRENCY TO PAY OUR BILLS...( aside...as long as CFK give us enough $ to pay them that is)

Provinces are out of $, the only solution is to print more pesos should be happening any time now....
14 GreekYoghurt (#) Jun 19th, 2012 - 01:08 pm Report abuse
@11 Hahahaha, that was a good one. The contradiction between what you said then and reality is quite funny.
15 Boovis (#) Jun 19th, 2012 - 01:09 pm Report abuse
The Coalition of the Mingin'. God help you all.
16 Idlehands (#) Jun 19th, 2012 - 01:30 pm Report abuse
What are the Germans going to say at the G20?

“The new Greek government must stick to it's bailout agreement with the Eurozone” - and probably not much else.
17 Condorito (#) Jun 19th, 2012 - 01:54 pm Report abuse
#3
I think it refers to the increased IMF quotas the French maid is looking for from “developing nations”.

Doesn't CFK look like the lead protagonist from “The Chicken Run” in this photo?
18 Simon68 (#) Jun 19th, 2012 - 02:13 pm Report abuse
11 British_Kirchnerist (#)
Jun 19th, 2012 - 11:15 am

What growth and development? Kretina spends our money subsidizing the unemployable rather than using our hard earned cash to develop companies to employ the people.
The only way to help the poor is to provide them with REAL, LONG TERM, jobs that will pay for them to lift themselves out of the misery they live in at the moment.
You left-wing dream merchants make me sick, not one of you really thinks about the way the POOR have to live, you only think about how YOU believe that the poor live.
Believe me, life in a “villa miseria” is not a joke. It consists of drugs, booze, prostitution, murder, dirt, hate, disillusion, and loss of all hope.
Dead easy to sit in comfort at your keyboard and say nice things about our president who is stealing the PEOPLE's future just to fill up her f*cking bank accounts outside the country.
BK keep your stupid lefty carping to yourself, there are people here who really are suffering from living below subsistence level and your “reina” isn't doinga damn thing for them.
19 yankeeboy (#) Jun 19th, 2012 - 02:37 pm Report abuse
The economy has been in recession since NOV 11. It is screeching to a halt now. As I have been saying for months this is going to be a very cold winter.

CFK is out of options and will print print print...

My guess is that the peso will be closer to 15 than 5 by the end of the year, and that is only if they can keep control of it. I don't think they'll be able to once it gets over 10. Panic will set in and people will start to buy non-perishable food and run up the prices.
Predicted inflation is now up to 35% and no growth!
Stagflation is ugly.
20 slattzzz (#) Jun 19th, 2012 - 03:07 pm Report abuse
@11 what a beautiful picture BK, she's had the same clothes on for days, a pig in Knickers, specsavers is open mate
21 Tobers (#) Jun 19th, 2012 - 03:52 pm Report abuse
@Simon68

Don't allow British Kirchnerist to wind you up. Hes trolling/crazy/sad.
22 Simon68 (#) Jun 19th, 2012 - 04:14 pm Report abuse
21 Tobers (#)
Jun 19th, 2012 - 03:52 pm

You are absolutely right!!!!
23 Marcos Alejandro (#) Jun 19th, 2012 - 04:54 pm Report abuse
Well done Cristina and Dilma!
24 Max (#) Jun 19th, 2012 - 07:17 pm Report abuse
Hey girls...
wait to listen to Germany/China who are your big brothers. !
25 ChrisR (#) Jun 19th, 2012 - 07:52 pm Report abuse
11 British_Kirchnerist

Well, you asked:

1) You do not get growth by spending money you have not got - you get debts. However that does not matter to Argentina - they NEVER pay their debts;

2) Messing with the market as both these people have done, one with intelligence and some forethought (Brasil) and the other with NO thought (because she is incapable of reasoned thought) is still asking for trouble. Mr. Market (that is everybody buying and selling) will decide on what happens next.

3) Giving money to automakers (Brasil) which only lasts three months is foolish: all that will happen is that people will buy the car they were going to buy next year, this year, to save money. Once the prices go up (which they will) they will not buy until they have to. It's called forward buying: does anybody remember 'cash for clunkers'? That is what happened then and it is likely to happen now. The results of the end of October (due November) will tell us what HAS happened.

BTW the picture was a good one of Dilma. Pity The Mad Bitch of Argentina was there to ruin it. But she won't be for much longer.
26 Pete Bog (#) Jun 19th, 2012 - 09:17 pm Report abuse
@ Wonder if Gilma is smiling at the native indians( that she regards as 'flora and fauna' )that opened up the dam on the Xingu in protest at their lands being flooded against their wishes. Like the Argentinians the Brazilians are an implanted colonial population that lay waste to their natural resources instead of managing them effeciently
27 briton (#) Jun 19th, 2012 - 10:09 pm Report abuse
Argentina should be banned from the G20,
And BK should become her personal assistant,

A devoted man like him, deserves only the best,
CFK can provide that for him,

BK= please shut the door on the way out,
And no post cards please .
28 Forgetit87 (#) Jun 19th, 2012 - 11:31 pm Report abuse
Pete Bog, you better watch the Chagossians, you're in no position to bitch about our Indigenous, who are much better protected by laws and have not suffered the fate of Chagossians -- being thrown out of their country and dumped to a foreign land where they're despised and pushed down by racists.
29 Malvinero1 (#) Jun 20th, 2012 - 03:02 am Report abuse
It makes me wonder if anyone is actually going to sit down and listen to the garbage that this lady leading the world's most nonsense-filled economy bar South Korea and Venezuela has to say.
Your intervention yogui are TOTALLY Stupid....uk is FINISHED..to whom we have to listen?To the idiot cameron???Scum of the worse kind??

www.facebook.com/pages/I-Hate-David-Cameron-come-on-you-know-hes-an-idiot/189000854468168
30 johnfarrel2050 (#) Jun 20th, 2012 - 03:35 am Report abuse
cameron is the most stupid leader I ever seen. Everybody realizes of all his lies told by him only to try to impose the uk interest.
31 briton (#) Jun 20th, 2012 - 11:46 am Report abuse
typical, the losers and anti brits are out again,

Its always our fault,
Its about time you argie CFK crawlers, learnt to grow up, and live in the real world, and take responsibility, for your own incompetent and corrupt actions,
instead of sitting on your arse and
BLAMING THE BRITISH ,
All the time .
32 Conor (#) Jun 20th, 2012 - 01:31 pm Report abuse
@11
Mr BK your comments on her alleged beauty frighten me.
33 JuanGabriel (#) Jun 20th, 2012 - 02:18 pm Report abuse
From the picture at the top, I thought the article was about the Brazilian presidents visit to Madam Tussauds. They have a section called 'Scream' where CFK would not look out of place.
34 Conor (#) Jun 20th, 2012 - 02:48 pm Report abuse
@33
He he he he
35 cLOHO (#) Jun 20th, 2012 - 08:09 pm Report abuse
30... He's not the most stupid. Your reichmistress is a little bit more of a wally. Cameron doesn't control the media like kircher, state propaganda broadcast regularly, and control on negative reports on the economy, so not a free press...not good...goerbels would be proud. She lies to the population and hides real inflation rate 20 percent plus!, she buys votes thru maximos hitler youth movement for food or cash. So Cameron may be an upper class wally but he doesn't deceive the uk population and doesn't control the media. Rather live in my comfortable house in uk with good job and disposable income than in your near bankrupt corrupt humiliated country. Argentina is finished jajajajajaja pirates etc etc etc
36 briton (#) Jun 20th, 2012 - 08:41 pm Report abuse
And unlike CFK he cant get away with blatent coruption.
37 TreborDoyle (#) Jun 21st, 2012 - 02:37 pm Report abuse
Brazil needs to be vary of Argentina.

Despite Argentina's huge potential, which has been ritually unrealised for nearly 100 years now through incompetent politicians, Brazil rightly and cleverly looks after its own interests knowing that Argentina is put simply 'trouble' in whatever arena one may share with them.

It is such a shame that Argentina, which once had a great international reputation has allowed itself to become a 'frump in a slump' over many decades, fuelled by politicians who really haven't got a clue, who keep the people in some old-World hypnotic nationalist trance, but yet have a very sharp eye on their own pockets.
38 Pirat-Hunter (#) Jun 24th, 2012 - 01:41 am Report abuse
Dilma and CFK are both great presidents, unfortunately men feel threatened by strong women who can lead a nation while they are merely bloggers in a webpage with less then 100 readers, in conclution! Anyone who attacks this two lady's must be a sad little man living a sad existence.
39 British_Kirchnerist (#) Jun 24th, 2012 - 11:12 am Report abuse
#38 Very well said!
40 Paradoxix (#) Jun 25th, 2012 - 02:21 pm Report abuse
@38,39
I have no problem with strong women as leaders.
In fact the mighty Thatcher crushing insecure little mini nazi Galtieri, hiding behind his uniform, was the outstanding example of female leadership in modern times.
The Iron Lady, Queen Boudica in the 20th century.
God bless.

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