Joint declaration by European trade union leaders on the financial crisis
Meeting in London for the European Trade Union Confederation (ETUC) summer school on 26 and 27 September, Europe’s trade union leaders adopted a joint declaration on the crisis of financial capitalism.
With their ‘London Declaration’, European trade union leaders analyse the financial crisis and call for justice and tough action.
Practical proposals were also made to keep this situation from recurring: effective measures must be taken to ensure that the economy continues to benefit from capital for investments, as well as to put an end to outrageous financial speculation. The injection of public money into the economy must be matched with public control, while the regulation of financial markets at international and European levels must be increased.
ETUC has transmitted its declaration to the President of the European Central Bank (ECB), the President and Vice-President of the European Commission, the European Commissioner for economic and monetary affairs and the EU Member States’ finance ministers.
Read the London Declaration
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