Monday, November 07, 2005

Went to Chapada this weekend. So didn't have to share a city with Bush

What's Lula up to? Seems like his strategy is straight up hard bargaining for trade liberalization in favour of the developing world (or at least our corner of it). Look at the increase in sales to the US and Europe.

Bush can promise whatever he likes as long as he makes it conditional on European acceptance, it amounts to very little.

Meanwhile Lula seems to be stalling on the hemispheric free trade agreement. Maybe doesn't want to be seen as selling out that much by his coalition? Maybe as a bargaining chip?

Who's Pedro Moreira Salle, head of the 5th largest bank in Brasil. Why not someone from the other four?

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