Rio de Janeiro  - Brazilian President Luiz Inacio Lula da Silva on Wednesday spoke about the nationalization of troubled banks, in a speech before the 2009 World Economic Forum for Latin America.

Before more than 500 businessmen, bankers and government officials gathered in Rio de Janeiro, Lula stressed the fundamental role that the state has to play to bring about recovery from the ongoing financial and economic crisis, which demands the creation of a new world order.

Vina del Mar, Chile  - Brazilian President Luiz Inacio Lula da Silva on Saturday at a summit in Chile told off representatives of the United States, Britain and Spain for causing the global economic crisis.

"My dear Gordon Brown, my dear Biden, my dear Zapatero, unfortunately you are more responsible (for the downturn)," he said, addressing them directly.

Vina del Mar, Chile - Brazilian President Luiz Inacio Lula da Silva on Saturday told off representatives of the United States, Britain and Spain - seated before him at a summit in Chile - for causing the global economic crisis.

"My dear Gordon Brown, my dear Biden, my dear Zapatero, unfortunately you are more responsible (for the downturn)," he said, addressing them directly.

Brasilia - Brazilian President Luiz Inacio Lula da Silva demanded Thursday that industrialized countries take responsibility in the efforts to overcome the current global financial crisis, which he said was created by "white people with blue eyes."

In a joint press conference with British Prime Minister Gordon Brown in Brasilia, Lula again stressed that it is necessary to regulate the international financial system.

Brasilia  - Brazilian President Luiz Inacio Lula da Silva demanded Thursday that industrialized countries take responsibility in the efforts to overcome the current global financial crisis, which he said was created by "white people with blue eyes."

In a joint press conference with British Prime Minister Gordon Brown in Brasilia, Lula again stressed that it is necessary to regulate the international financial system.

Brasilia  - Brazilian President Luiz Inacio Lula da Silva launched an ambitious two-year, 15-billion-dollar plan Wednesday to build affordable housing.

The programme has the two-fold goal of stimulating the construction sector amid the global economic slowdown and alleviating Brazil's severe housing shortage.

Experts estimate that 8 million new homes are needed to satisfy demand in South America's most populous country.