Brazil’s Rousseff Criticizes Austerity as Solution for Crisis

November 19, 2012

Charles Penty – Bloomberg, 11/17/2012

Brazilian President Dilma Rousseff used a speech in recession-hit Spain to criticize austerity as a means of tackling economic crises.

“Policies that only stress austerity are showing their limitations,” Rousseff told an Ibero-American leaders summit today in the Andalusian city of Cadiz, Spain. “Exaggerated and simultaneous fiscal consolidation in every country is not the best response to the global crisis and could make it worse, leading to worse recession.”

While austerity measures may prevent the possibility of a financial collapse, they don’t necessarily help to convince markets or voters, Rousseff said. She spoke as European Commission President Jose Manuel Barroso told reporters in Cadiz that some European countries were facing a “social emergency” and the region’s priority should be to focus on growth.

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Rousseff complains German chancellor Merkel “listens to nobody”

November 15, 2011

Mercopress, 11/14/2011

The two leaders at the recent Cannes G20 summit

Brazilian president Dilma Rousseff criticized German chancellor Angela Merkel for her refusal to receive suggestions as to how face the global crisis and on specific issues such as youth unemployment.

Angela Merkel “…listens to nobody” when elaborating “a plan to overcome global economic and financial turbulences”, complained president Rousseff according to reports in the Sao Paulo media.

Ten days ago the two leaders met privately in the framework of the G20 summit in Cannes hosted by French president Nicholas Sarkozy.

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