Special Report:Global Financial Crisis
RIO DE JANEIRO, Nov. 10 (Chinese media) -- The ongoing international financial
crisis can only be overcome with political solutions, visiting Brazilian
President Luiz Inacio Lula da Silva said Monday in Rome.
"World leaders need to understand that we need to listen less to market
analysts and more to experts in social problems and development," Lula said in
his speech at the Quirinal Palace -- the official residence of Italian President
Giorgio Napolitano.
The international community needs to build a financial system which is more
transparent and immune to speculation, he added.
Lula, who is on a four-day visit to Italy, also reaffirmed that developing
countries should be given more opportunities to participate in the operation of
international organizations.
"I believe that the crisis is an extraordinary opportunity to reflect on
everything we did wrong since the Washington Consensus and to create another
consensus in which the people, the workers, the industries, the scientific and
technological production - not financial speculation -- are the basis of all
economic activities," he said.
Noting that Brazil and Italy have closely connected histories and cultures,
the Brazilian leader reminded guests that over 30 million Brazilians are of
Italian descent.
"Our people respect each other," he said.
According to President Napolitano, Brazil can contribute a lot at the
upcoming G20 Leaders Summit slated for Nov. 15 in Washington, and also play an
important role in strengthening relations between the European Union and Latin
American countries, due to its influence in the region.
During Lula's stay, he will also meet with Italian Prime Minister Silvio
Berlusconi and some businessmen to discuss the financial crisis.
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