Outgoing Brazilian president comments on state of world economy

1. Pan of outgoing Brazilian President Luiz Inacio Lula da Silva walking into press room 2. Wide of news conference 3. Close-up of photographer 4. Mid of journalists taking notes 5. SOUNDBITE: (Portuguese) Luiz Inacio Lula da Silva, Outgoing Brazilian President: "The richest countries are not consuming and not buying, and if everybody wants to balance their economy in their exports, the world will go bankrupt. If you just only want to sell, who is going to buy? Someone has to buy if you want to sell." 6. Mid of journalist asking question 7. SOUNDBITE: (Portuguese) Luiz Inacio Lula da Silva, Outgoing Brazilian President: "What we want is that the US would value their currency, and not devalue their currency as they're doing it today, so that their currency would not inflate the emerging markets." 8. Wide of news conference 9. SOUNDBITE: (Portuguese) Luiz Inacio Lula da Silva, Outgoing Brazilian President: "So I'm very confident because the G20 won't even miss president Lula because she (Dilma Rousseff, newly elected Brazilian president) will replace him and she'll do an excellent job at G20, that's it, thank you." 10. End of news conference 11. President shaking hands with journalists and leaving room STORYLINE: Outgoing Brazilian President Luiz Inacio Lula da Silva made outspoken comments about the state of the world economy at a news conference in Seoul on Thursday, warning that continuing reliance on exports for growth would make the world go bankrupt. The Brazilian leader is in South Korea to attend the G20 summit. "The richest countries are not consuming and not buying, and if everybody wants to balance their economy in their exports, the world will go bankrupt," he said. "What we want is that the US would value their currency, and not devalue their currency as they're doing it today, so that their currency would not inflate the emerging markets," he added. A strong sense of pessimism shrouded the start on Thursday of an economic summit of rich and emerging economies, with US President Barack Obama and fellow world leaders arriving in Seoul sharply divided over currency and trade policies. The Group of 20 summit, held for the first time in Asia, has become the centrepiece of international efforts to revive the struggling global economy and to prevent a financial meltdown of the kind seen two years ago. Hopes had been high that the Group of 20, encompassing rich nations such as Germany and the US as well as growing giants such as China and Brazil, could serve as the world forum for hashing out an economic way forward from financial crisis. But agreement appeared elusive as the summit began, divided between those such as United States that want to get China to allow its currency rise and those irate over US Federal Reserve plans to pump 600 billion (b) US dollars of new money into the sluggish American economy, effectively devaluing the dollar. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/edf9c6b7ac5c1acaf2574ad3f04d2c62 Find out more about AP Archive: http://www.aparchive.com/HowWeWork