Rousseff calls on rich countries for a ‘credible agreement’ to overcome EU crisis

Wednesday, October 19th 2011 - 06:44 UTC

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Leaders from India, Brazil and South Africa on Tuesday urged the world's rich countries to contain their financial crises and prevent the global economy from slipping into a double dip recession. Read full article

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GeoffWard2
In order to call for a ‘credible agreement’ to overcome EU crisis, Dilma must have a clear idea of what such an agreement would look like.

I have heard exhortation, but also an absolute silence on her proposed mechanism.

She should be able to have a stab at it - she did an economics degree and a bit of a Masters and a bit of a PhD, as I understand it.

Lte's hope she is being more forthcoming in the corridors of power than she is with her various publics.
Oct 19th, 2011 - 07:48 pm - Link - Report abuse 0
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Fido Dido
Geoff, what she actually means is (she already mentioned it a couple times indirectly) stop the austerity measures that hurts the people in all classes while bailing out the banks that are BROKE and must fail, but also live within their means .
They, the zombie banks, gambled, lost, and thus should go. That is capitalism, nothing new. It's hard, but it's that simple. Now the loses are being “socialized”. That's why I typed a couple times here, socialism doesn't work for the people, only for the ultra rich who socialized their lost through their corrupt friends in the government who suppose to work for the people who elected them. But, oh wait, corporations also elected them with “donations/campaign money”. just fance words for buying the politicians and remind them, you owe me.
Oct 20th, 2011 - 03:28 am - Link - Report abuse 0
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GeoffWard2
Oh, I get it then, Fido.

She is suggesting that the EU should let the banks collapse, letting the economies collapse, creating societal collapse, which can then spread from the developed countries to the developing countries.

I never realised she was such an astute world leader!
Oct 20th, 2011 - 10:59 am - Link - Report abuse 0
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