U.S. Credit Downgrade: Stephen Harper Reportedly Disagrees With S&P's Decision

Stephen Harper Dilma Rouseff

First Posted: 08/08/11 02:15 PM ET Updated: 10/08/11 06:12 AM ET

BRASILIA, Brazil - The president of Brazil says she and Prime Minister Stephen Harper don't agree with Standard & Poor's decision to downgrade the credit rating of the United States.

Dilma Rousseff called the credit-rating agency's decision "incorrect," as Harper looked on during a signing ceremony for a handful of small trade deals today.

Harper is on a four-country swing through Latin America where he is trying to boost trade.

He and Rousseff announced deals on air transport, social security, Olympic co-operation, and international development aid effectiveness.

They also announced a business leaders' forum that would see Canadian and Brazilian executives meet on the margins of high-level diplomatic talks.

"Brazil is a major global economic player and a key priority market for Canada," Harper said in a press release.

"These agreements will benefit both countries by promoting greater two-way flow of people, goods and services, enhancing our competitiveness and further strengthening our partnership in key areas of shared interest."

There was a tussle between the Prime Minister's Office and Brazilian officials when media were blocked from a previously agreed-upon photo-op at the beginning of the leaders' meeting. Brazilian officials refused to yield despite the protests of PMO and Canadian embassy staff.

Media were eventually allowed in — after the meeting.

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BRASILIA, Brazil - The president of Brazil says she and Prime Minister Stephen Harper don't agree with Standard & Poor's decision to downgrade the credit rating of the United States. Dilma Rousseff...
BRASILIA, Brazil - The president of Brazil says she and Prime Minister Stephen Harper don't agree with Standard & Poor's decision to downgrade the credit rating of the United States. Dilma Rousseff...
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11:13 AM on 08/09/2011
And Harpo the Clown is a very good economist - remember the 2008 election debates when King Stevie told us all not to worry because if there was going to be a financial meltdown it would have happened already? What was that, a month before the Wall and Fleet and Bay St piggies dropped the bottom out?
Yeah, Steve-O, the world is listening... and laughing...
09:18 AM on 08/09/2011
Yeah, Harpo loves his neocon heroes in the USA.
photo
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Whistlejackett
Hey stop doing that
11:19 PM on 08/08/2011
Mr Harper I hope you read this HP column. Canada is supposedly in a good position during this crisis. The US is in a horrendous situation, does that not concern you? Are you placating the American situation in order to support them, or would you rather be more honest? I would really like to know.