ETUC urges Europe to stop the speculators
In a letter from General Secretary John Monks to policy makers in Europe, the European Trade Union Confederation (ETUC) expresses its dismay with the European response to the wave of financial speculation that is hitting Greece and now contaminating other euro area member states.
The ETUC finds the European policy response to be disappointing and hesitating. The ETUC also denounces those who try to abuse the situation by imposing an agenda of deregulation, liberalisation and privatisation.
Instead, the ETUC is calling for European policy makers to act decisively and quickly and implement the package of bilateral loans to Greece as a matter of urgency in the next few days.
Says John Monks, General Secretary of the ETUC: ‘Governments and central bankers have mobilised trillions to save the banks. They now have to organise the same type of massive support to fight the greed of global financial markets with European solidarity’.
ETUC video: May Day and Financial Crisis - John Monks’ message :http://www.youtube.com/watch?v=GsXZXY8mrZc
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