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Lula urges Obama to act quickly on crisis

January 16, 2009, 03:27 AM Post Comments
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Lula urges Obama to act quickly on crisis

Brazil's president says Barack Obama should act quickly to resolve the global economic crisis. After all, he says, the United States helped to provoke it.

President Luiz Inacio Lula de la Silva says the economic crisis was "born in the heart of the symbols of capitalism," including the United States, Europe, and Japan. He blames uncontrolled speculation by "people not satisfied with earning a lot of money within the rules of the system."

Lula made his comments during a visit to Bolivia on Thursday.

He also remarked that the "solution belongs to all of us," and said he hopes the G20 summit in London this April will produce international financial regulations aimed at preventing further "financial idiocies."

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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