Stock traders negotiate in the future dollar pit during the morning session, at the Mercantile & Futures Exchange, in Sao Paulo, Brazil. (Mauricio Lima/AFP/Getty Images)
He said more aggressive regulatory responses were required to overcome the current international market volatility and that Brazil was prepared to face the problem.
"Brazil is more prepared than any country in the world," Lula said in a speech to business leaders in Sao Paulo, Brazil's financial capital. "Brazil has been preparing for some time to become a solid economy."
