Speaking in BrasÃlia, Brazil at a joint press conference with U.K. prime minister Gordon Brown, Brazilian president Luiz Inacio Lula da Silva blamed the global economic crisis on "white people with blue eyes".
The exact quote:
“This crisis was caused by the irrational behaviour of white people with blue eyes, who before the crisis appeared to know everything and now demonstrate that they know nothing. I do not know any black or indigenous bankers so I can only say [it is wrong] that this part of mankind which is victimized more than any other should pay for the crisis."
Gordon Brown's response?
“I’m not going to attribute blame to any individuals."
The Brazilian President also spoke out against protectionism:
“I compare protectionism to a drug. Why do people use drugs? Because they are in crisis and they think the drug will help them. But its effects pass quickly.”
While Mr. Brazil probably has a valid point, if taken literally, we are pretty sure that Americans and Europeans are not yet ready to take economic advice from a South American leader. Hell, we are quite sure that the entire continent has filed for bankruptcy protection at one time or another.
(Note from the realists on staff at Fileunderi: Brazil has one of the largest economies in the world and has seen steady growth for years. Many respected economists believe Brazil will not be greatly affected by the Global Economic Crisis. In other words? Mr. Brazil has a point.)
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