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Brazilian, Italian presidents discuss global financial crisis
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08:23, November 11, 2008

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· U.S. financial crisis triggered global turmoil
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The global financial crisis is an "extraordinary opportunity to reflect on what we have done wrong," Brazilian President Luiz Inacio Lula da Silva told his Italian counterpart Giorgio Napolitano in Rome on Monday.

Lula added that the crisis was a chance "to create a new world order in which human beings, workers, social development and cultural, scientific and technological production are the driving forces of the economy rather than financial speculation," according to Italian News Agency ANSA.

Napolitano underlined the importance of involving emerging countries in addressing the crisis ahead of a summit by the Group of 20 (G20) most powerful economies due to take place in Washington on Saturday.

"I am sure that emerging countries like Brazil can make a significant contribution to the creation of concerted and incisive policies on the international level," he said.

Lula said he would attend the signing of a number of strategic business deals between Italy and Brazil during his four-day visit to Rome, adding that trade between the two countries had doubled in the last five years and was now worth eight billion dollars.

The Brazilian president is due to meet Italian Premier Silvio Berlusconi on Tuesday and will be received by Pope Benedict XVI on Thursday.

Source: Xinhua



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