French President Nicolas Sarkozy and his Brazilian counterpart Luiz Inacio Lula da Silva vowed to work together on the global economic crisis at a summit in Rio during Sarkozy's last tour as head of the EU’s rotating presidency.
REUTERS - French President Nicolas Sarkozy and his Brazilian counterpart, Luiz Inacio Lula da Silva, agreed on Monday to take a common EU-Brazil position to the next G20 summit dealing with the global financial crisis.
"We decided with President Lula that things must change and change profoundly," Sarkozy, the current president of the European Union, said in a speech at a two-day EU-Brazil summit in
"We decided to narrow our positions and arrive in
Sarkozy and Lula gave no details on proposals they would take to the
Sarkozy, who is expected to sign a major defense cooperation deal with Lula on Tuesday, earlier backed
"I'm being honest when I say we need
Lula has made obtaining a permanent council seat for
Lula hailed last month's G20 summit of leading economies in
Lula joined Sarkozy in calling for governments to take a greater role in regulating financial markets and in creating jobs, including the
"President Obama has a responsibility on his back that few presidents in the world have," Lula said in a speech, referring to
"He will take office with a crisis that the
The arms deal that Sarkozy is expected to sign with
Brazilian officials deny that the overhaul and increased military spending are aimed at keeping pace with active arms-buying by
The deal is also expected to include an agreement for
Date created : 2008-12-23