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 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.
Suggested Stories
-
Jun 19th 2013
India-Argentina pledge to improve trade; Timerman thanks Delhi support on Malvinas dispute
-
Jun 17th 2013
Brazil and UK sign long term cooperation program in biotechnology research
-
Jun 17th 2013
Brazilian protestors clash over excessive expenditure in World Cup stadiums
-
Jun 16th 2013
Booing down of President Rousseff reflects growing dissatisfaction with the economy
40 comments Feed
Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.
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.
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.
being together with silly 20 countries is very sacrifice for me ..
www.youtube.com/watch?v=UyPC0SD0PGw
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...
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....
“The new Greek government must stick to it's bailout agreement with the Eurozone” - and probably not much else.
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?
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.
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.
Don't allow British Kirchnerist to wind you up. Hes trolling/crazy/sad.
Jun 19th, 2012 - 03:52 pm
You are absolutely right!!!!
wait to listen to Germany/China who are your big brothers. !
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.
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 .
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
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 .
Mr BK your comments on her alleged beauty frighten me.
He he he he
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.
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.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!