Brussels, 23/09/2009
Commenting on this remark which is out of touch with reality the ETUC General Secretary John Monks declared: “The Presidency seems to be more and more cushioned from the reality of the worst economic crisis since the Great Depression – unemployment rising and rising to more than 25 million and no turnaround in sight. If you really want to fight the crisis you have to invest in an expanded European recovery plan and put and end to the dominance of the short-termist market principles. European solidarity can become a protection against the excesses of financial capitalism, however ideological obsessions will not do the job.”