23 September 2008 – Governments must demonstrate decisive leadership if they are to overcome the crisis in global financial markets, the President of Brazil told the General Assembly today, calling for the United Nations to take the lead in responding to the threats raised by the current economic strife.
Luiz Inácio Lula da Silva told dozens of world leaders gathered for the Assembly’s annual high-level debate, held at UN Headquarters in New York, that they were meeting at a time when long-predicted economic crises have become “today’s harsh reality.”
His remarks echoed the comments of Secretary-General Ban Ki-moon, who earlier today at the Assembly urged world leaders to rise to the “challenge of global leadership” to defeat the most pressing problems, including the current financial crisis.
“Only decisive action by governments, especially in countries at the heart of the crisis, will be able to control the disorder that has spread through the world’s financial sector, with perverse impacts on the daily lives of millions of people,” Mr. da Silva said.
He warned that “a crisis of such magnitude will not be overcome with palliative measures. Mechanisms for both prevention and control are needed to provide total transparency to international finance.
“International economic institutions today ha
http://www.un.org/apps/news/story.as...+Assembly&Cr1=
09-23-2008, 06:41 PM
Brazilian President calls on UN to take role in responding to financial crisis
Linear Mode
