European political leaders and the institutions of the European Union have reacted to the Euro crisis by creating conditional debt packages, in cooperation with the IMF (International Monetary Fund). Such “aid packages” typically prescribe severe austerity measures, similar to the structural adjustment programmes applied to many troubled developing countries, especially since the 1980s. The results have rarely been a success. 2
In November 2011, Brussels was the stage for a 'Week of Action' which looked to expose the threat of Bilateral Investment Treaties to democratic governance and public interest and to advocate for an Alternative Investment Regime.
European Union workers’ pretentions to better pay and working conditions, shorter working lives, munificent retirement benefits, long holidays and time off for this and that have got to be brought under control! Enough is enough!
Dr. Pedro Paez talks about the creation of a new financial architecture in Latin America, based on principles of redistribution, environmental sustainability and social cohesion rather than market principles that dominated the old architecture.
Every story needs a narrative, an explanation of why things happened the way they did. In such a narrative lie the answers of how to avoid/correct similar developments in the future and how to propagate positive ones.