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Monday, April 16, 2012

Brazil: "Rousseff blasts rich countries “monetary flooding”: marks difference between defending and protecting''

From Merco Press

"This affected us: our currencies are appreciated, which turns into an obstacle for the trade of goods and services and turns our economies into possible victims of a deindustrialization process.”

Rouseff also stated that the strategy of facing the crisis has a protectionism act. “We obviously have to defend ourselves. Defending differs from protecting. We cannot allow our manufacturing sector to be ravaged, cannibalized” she added."

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