Brazil's President Luiz Inacio Lula da Silva criticized on Tuesday the International Monetary Fund (IMF) for lack of action in the midst of the international financial crisis.
"When Brazil or Argentina faced a crisis, IMF always came to give tips and tell what to do or not to do. Where is the IMF now?" the president asked.
In a speech to 3,000 metallurgical workers in the city of Angrados Reis, southwest of Rio de Janeiro state, President Lula denied vehemently the existence of a package of anti-crisis measures in the country, affirming that the financial crisis will not reach Brazil.
"Many people think it is arrogant to say that the crisis will not reach Brazil. I say and insist: if it reaches, it will be lighter," he said.
Lula called on Brazilians to remain clam and not to surrender to the stress and panic caused by the crisis.
"The crisis leads to speculation, distrust, and then the citizen says he is not going to spend his money, but save it. I ask you not to do that; keep on doing what you were doing before," he said.
Source:Xinhua
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