MANAUS, Brazil (Reuters) - Latin America's leftist leaders on Tuesday accused the United States of "irresponsibility" in its handling of the financial crisis that has pummeled markets and threatens economies around the world.
Venezuelan President Hugo Chavez warned the crisis over credit could slow economic growth across Latin America and took a stab at Washington, predicting that U.S. economic power is in dramatic decline.
"This crash of capitalism and of neoliberalism will be worse than that of 1929," Chavez told reporters at a meeting with the leaders of Brazil, Bolivia, and Ecuador in Brazil's Amazon city of Manaus.
"The world will never be the same after this crisis. A new world has to emerge, and it's a multipolar world," he said. "We are decoupling from the wagon of death."
Many Latin American countries depend heavily on exports of commodities, such as oil, soy, copper and bananas, and falling prices combined with tighter credit are raising fears of a sharp slowdown.
"Financing will become more difficult," Chavez said. "Raw material prices could come down, starting with the price of oil, and including copper, minerals and food stuffs."
Still, much of the region's economies will grow above the global average this year, including Brazil at around 5 percent.
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2 comments:
Should anyone, really anyone be surprised that Hugo Chavez can't hold his tongue...
And Chavez is viewed upon by this administration as well as McCain as vial as they feel about Ahmadinejad.
But Chavez and Venzuela are what the next administration needs to find out how to work with in a civil manner. We need a good relationship here, what he is doing is becoming a force to be reckoned with. His country is moving forward, not backwards like this one.
When your right your right. Look the US was the Leader in all areas of the World. When the most respected Country in the World becomes the Biggest Crook and Liar of the World it does matter. America had the greatest Leaders since the formation of the United States of America until George W. Bush. This Administration stole the election with the full intentions of stealing and trying to take other countries. The World watched how American citizens did nother and allowed this to happen. Why would anyone invest with crooks who steal money is the question foreign investors are asking. Now the smart Leaders of the Middle East did their homework. They knew the Bush Administration would steal the election and use the WTC bombing to take over while Americans would believe the lie it was Bin Laden. Yes the plan worked very well. Even today after all the information has come out some Americans still believe the lie. Chavez only spoke the truth and it seems God was on his side because the truth came out to prove him right.
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