`Job creation a way to tackle economic crisis’
November 8th, 2011 - 2:08 pm ICT by IANSRio De Janeiro, Nov 8 (IANS) Brazilian President Dilma Rousseff has said that job creation is a way to tackle economic crisis.
In her weekly radio show Monday, Rousseff said the current crisis, which is affecting the US and the European Union, cannot be tackled by reducing workers’ rights, reported Xinhua.
“The unemployment matter is extremely worrying. It affects 200 million people in the world,” she said, stressing that according to the International Labor Organization most of the unemployed around the world are young people.
She said that the situation in Brazil was “completely different” because when the crisis erupted in 2008, the country turned “to reinforce domestic market”.
“We are close to full employment. From January to September 2011, over 2.079 million formal jobs were created,” she said.
She also stressed the importance of proper regulation of the financial sector.
“The difference between us and the rich countries which are undergoing a crisis is that we have a solid economy, with solid, regulated and controlled banks. Brazil does not have a high debt, on the contrary, it has reserves of $350 billion US dollars,” she said.
- Brazil urges quick action on economic crisis - Oct 26, 2011
- Brazil to tackle economic crisis by more investment - Sep 03, 2011
- Brazilian president meets IMF head on euro crisis - Dec 02, 2011
- Bad political decisions blamed for financial crisis - Dec 22, 2011
- Brazil calls on oil firms to operate responsibly - Mar 22, 2012
- Brazil leases airport to private consortium - Nov 29, 2011
- 'Brazil committed to halting currency appreciation' - Mar 23, 2012
- Chevron to cap, abandon leaking Brazil oil well - Nov 16, 2011
- US, Brazil agree to closer defence ties - Apr 10, 2012
- PM backs dialogue to resolve West Asia crisis - Mar 30, 2012
- Brazil created record 2.52 mn new jobs in 2010 - Jan 20, 2011
- `South America is priority for Brazil's foreign policy' - Apr 21, 2011
- Valcke to return to Brazil for FIFA inspections - Mar 31, 2012
- Brazil registers 23.5 percent less jobs in 2011 - Jan 25, 2012
- Brazil creates fewer jobs in first nine months - Oct 19, 2011
Tags: banks, brazil, brazilian president, contrary, dilma rousseff, economic crisis, economy, european union, financial sector, full employment, international labor organization, job creation, jobs, rich countries, rio de janeiro, unemployment, us dollars, weekly radio show, xinhua