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Brazil's Luiz Inacio Lula da Silva criticizes U.S. over financial crisis

October 1, 2008 |  8:24 am

As his popularity has surged and his nation's booming economy has lifted thousands from poverty, Brazilian President Luiz Inacio Lula da Silva has largely refrained from the angry criticism of the United States that can be heard nearly any day from other South American leaders.

Not this time, reports Joshua Partlow for the Washington Post.

Last week, Lula told the U.N. General Assembly that the "boundless greed" of a few should not be shouldered by all, and on Monday, he said emerging economies had done their best to have "good fiscal policy" and "can't be turned into victims of the casino erected by the American economy."

"This crisis belongs to the American bankers, to the European bankers. It doesn't belong to the Brazilian bankers," Lula said Monday. "It's not fair for Latin American, African and Asian countries to pay for the irresponsibility of sectors of the American financial system."

Earlier this week, Chris Kraul reported from Ecuador on why Latin America should worry about the economic crisis in the United States.

Read the rest of the report from the Washington Post here.

-- Deborah Bonello in Mexico City