ROUNDUP: Lula: Crisis created by "white people with blue eyes"

ROUNDUP: Lula: Crisis created by "white people with blue eyes" 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.

"It cannot be that, in a society where a person is filmed and is always under surveillance when they go into a shopping centre or an airport, the financial system is not watched and is not regulated," he said.

Lula stressed that protectionism - which he compared to "a drug" - should be avoided at all costs.

"If we do not do the right thing, recession, unemployment and more instability will come," he said.

Lula called his one-hour meeting with Brown "extremely productive," and said he expects results from the Group of 20 summit that is set to take place in London on April 2.

"That meeting we will have in London is historic, because people expect a lot from it. If we make the mistake of using that meeting to schedule another meeting, we can lose credibility and the crisis will get deeper," Lula said.

"He (Brown), other world leaders and I know that the moment demands deep political decisions that are stronger than the economic decisions we get to make," he said.

At the end of the meeting, in the joint press conference with Lula, Brown said he would ask the G20 to support an expansion of trade finance aid by at least 100 billion dollars, to help revive trade around the world.

The joint statement issued by the two men included a demand for a swift and successful conclusion to the Doha Round of talks at the World Trade Organization (WTO) and a rejection of protectionism as an instrument against the global crisis.

They also vowed to join efforts to strengthen regulation in the financial sector in order to prevent future crises.

Following his meeting with Lula, Brown travelled on to Sao Paulo to meet with British and Brazilian businessmen and visit the city's Football Museum.

On Friday he was set to travel to Chile, where he and Lula are to take part Saturday at a Progressive Leaders' Summit in the seaside resort of Vina del Mar. (dpa)

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