Lula hits out at US bankers
Wall Street bankers may have treated the money markets like a "casino" but the Brazilian economy is well equipped to weather the current financial climate, it is being claimed.
Those looking at Brazil real estate might be interested to hear that President Luiz Inácio Lula da Silva maintains his nation is ready for the global crisis and will suffer "very little" if the US sinks into a recession, according to Brazzil Mag.
President Lula is quoted by the website as telling the EFE news agency: "Important banks, very important banks that spent their lives giving advice about Brazil and what we should or shouldn’t do are now broke."
In other news, the publication also reported this week that an Amazon trade fair had attracted tens of thousands of people to Manaus as 300 exhibitors from the city’s industrial hub signed $10 million (£5 million) worth of contracts.
The fair was organised by the Manaus Free Zone Superintendence, who claim more than 1,000 overseas visitors from Portugal, Japan, the US and Canada were also in attendance.
